Lady Gaga is being honored as the 2015 Woman of the Year at the annual Women in Music event.

The "Bad Romance" singer follows in the footsteps of Taylor Swift, who was given the title last year. Additional females recognized last year were Aretha Franklin, Ariana Grande, Iggy Azalea, Jessie J, Charli XCX and Idina Menzel, according to Billboard. Additional honorees for this year will be revealed in the coming weeks.

This year Lifetime has teamed up with Billboard in televising the occasion. The cable network, which is geared toward female-related content, has signed a three-year deal with Billboard to televise the Women in Music event. The show will be produced by Don Mischer Productions, also known for working on several Billboard Music Awards, Oscars, Emmys and Superbowl halftime shows.

"We're delighted to partner with Billboard on this special event, bringing it to a mass audience for the first time ever," says Liz Gateley, executive vice president and head of programming at Lifetime.

"Lady Gaga is an extraordinary artist, emblematic of the strength, courage and fortitude that Lifetime celebrates, and we are thrilled to offer our platform to recognize her in every way she deserves."

In addition to her recognition as Women of the Year, Gaga is also starring on FX's "American Horror Story: Hotel," which is set to debut on Oct. 7. She also recently released the music video for her new track "Till It Happens to You." The Mother Monster wrote the song for the documentary "The Hunting Ground," which highlights college sexual assault. It premiered at Sundance in January and is set to feature on CNN later this year.

"Billboard's Woman of the Year has always represented the finest in music, and the anointing of a key influential figure who drove the conversation for that year. No one embodies that more than Lady Gaga in 2015," says Janice Min, co-president and chief creative officer of Guggenheim Media's entertainment group, which consists of Billboard and THR.

"From her show-stopping performance at the Oscars, to her co-headlining tour, to her philanthropic outreach and foundation promoting youth well-being and empowerment, to her new role as TV star, there is no woman dominating popular culture tastes and its evolution as much as she is today. What a force."

The Women in Music event will be held Dec. 11 at Cipriani Midtown in New York City and will air on Dec. 18.

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