To be hosted by comedian Leslie Jones, the award show is scheduled to happen on Sunday, June 25 at Microsoft Theater in Los Angeles and will air live on VH1.
Beyonce leads this year's slate of nominees with seven nods, followed by Mars with five nominations.
Other nominees include Solange, Chance the Rapper and Migos, with four nominations each.
Jamie Foxx, Issa Rae, Trevor Noah, Demetrius Shipp Jr, and the cast of "Girls Trip" will present at the awards.
The list of presenters also include Queen Latifah, Jada Pinkett Smith, Regina Hall and Tiffany Haddish.
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