The 13th Annual Latin Grammy Awards is taking place at Mandalay Bay, in Las Vegas on Thursday night. The event will be aired tonight from 8 p.m. ET and can be watched live on TV and online through live stream (see details below).

(Photo: Reuters)Juan Luis Guerra performs at the conclusion of the 8th annual Latin Grammy Awards in Las Vegas November 8, 2007.

This year presents, for the first time, 10 contenders in each of the main categories. The event promises a stellar lineup of Latin music veterans as well as rising star nominees.

Nominees will compete in Spanish and Portuguese language in at least 19 genres that include: General, Regional-Mexican, Pop, Urban, Rock, Tropical, Alternative, Singer/Song Writer, Christian, Brazilian, Traditional, Children's, Jazz, Instrumental, Classic, Recording Package, Production, and Musical Video.

On Thursday Latin Recording Academy's Person of the Year honored the Brazilian singer Caetano Veloso. He is considered to be among the most influential Brazilian artists of modern times. Veloso has recorded more than 40 albums and won eight Latin Grammys and two regular Grammy Awards.

The show will be hosted by actors Cristián De La Fuente and Lucero. Some artists expected to perform include David Bisbal, Sergio Dalma, Lila Downs, Shaila Dúrcal, Pedro Fernández, Kany García, Juan Luis Guerra, Jesse & Joy, Juan Magán, Victor Manuelle, Gerardo Ortiz, Prince Royce, Alejandro Sanz, Michel Teló and 3 Ball MTY.

The Latin Grammy Awards will be aired tonight, Nov. 15, from 8 p.m. ET through 11 p.m. ET on Univision. The event can also be watched live online through live stream on the Latin Grammy's website by clicking here.