Will and Jada Pinkett- Smith will host Nobel Peace Prize Concert

The 16th annual Nobel Peace Prize Concert will be held Dec. 11 in Norway and will be co-hosted by Will Smith and Jada Pinkett-Smith.

Confirmed performers include Toby Keith, Donna Summer, Wyclef Jean and Puerto Rican singer Luis Fonsi. More performers will be announced later this week.

The concert will take place in Oslo where, on Oct. 9, the prize winner will be announced.

The Nobel Peace Prize award is handed out Dec. 10, the anniversary of prize founder Alfred Nobel's death in 1896.

Last year, the award was presented to Finnish president Martti Ahtisaari, while the concert was hosted by Scarlett Johansson and Michael Caine.

The Smith's made this statement, "The opportunity to recognize the laureate's contributions to the world peace movement will be an awe-inspiring experience. We are both humbled and honored to take part in the Nobel Peace Prize Concert this year, and look forward to sharing the historic evening with artists and humanitarians from across the globe."