Rockers Journey are to be honoured with Billboard's Legend of Live trophy at the magazine's eighth annual 2011 Touring Awards.
The accolade is given to groups or individuals who have made "significant and lasting contributions to live music and the touring business".
Previous recipients have included Rush, Ozzy Osbourne and Sir Elton John.
Journey founder Neal Schon says, "I'm so honoured."
The guitarist and his bandmates will accept the award at the prizegiving in New York next month (10Nov11).