MIley Cyrus
Singer Miley Cyrus poses backstage after winning Video of the Year for ''Wrecking Ball'' during the 2014 MTV Video Music Awards in Inglewood, California August 24, 2014. Reuters/KEVORK DJANSEZIAN

The "Miley's New Year's Eve Party" show featuring Miley Cyrus and Pete Davidson is all set to go live this Friday. Here's everything that you need to know about this show.

"Miley's New Year's Eve Party" is slated to stream live on the Peacock platform from 10:30 p.m. to 12:30 a.m. ET, this Friday (Dec. 31). Besides streaming, the show will also get broadcast live on the NBC network.

It is produced by Lorne Michaels, who is responsible for helming shows like "Saturday Night Live" and "30 Rock."

The star-studded show will be hosted by Cyrus and Davidson, while 24kGoldn, Kitty Ca$h, Saweetie, Billie Joe Armstrong, Jack Harlow, Anitta and Brandi Carlile will perform at the live event, which is held in Miami.

The show won't stream on the Peacock app for free as the users need to get an ad-supported Premium plan for $5 per month or an ad-free Premium Plus plan that will cost $10 per month.

Besides smartphones and tablets, the Peacock application can be viewed using Google Chromecast, Amazon Fire, Roku, PlayStation 4 and 5, LG, Samsung, Vizio smart TV or on an Android TV.

However, if you already have a cable subscription, then you can simply watch the event live on the NBC network.

The "Hannah Montana" star appeared on "The Tonight Show Starring Jimmy Fallon" earlier this month and revealed she wanted to do something "traditional" this New Year’s Eve.

"But I knew that we would do it in a way that is unique and unconventional, and we did that by starting with going to Miami," Cyrus explained to the host Jimmy Fallon. "[Davidson will] be funny, and I’ll be naked, and together we’ve got a show."

Cyrus also took to Twitter last week to share a video featuring her and Davidson teasing the live event. The singer and the comedian could be seen wearing party outfits and inviting fans to watch them through NBC or Peacock platforms.

Since the show has been announced, fans couldn’t hold back their excitement regarding Cyrus and Davidson co-hosting the show. Even after their appearance on Fallon’s show, fans gushed over their chemistry.

Miley Cyrus

Photo: Getty Images/Rachel Murray