The Associated Press

MTV is celebrating the career of Metallica by naming the heavy metal group as its third "mtvICON."

The Grammy-winning band - guitarists James Hetfield and Kirk Hammett and drummer Lars Ulrich - will be the subject of a tribute by other artists and celebrities on May 3; the event will premiere on MTV three days later.

"This tribute special will not only celebrate their long and legendary career, but will underscore their importance to today's music landscape and their vast influence on other artists," said Tom Calderone, MTV executive vice president.

MTV has previously honored Janet Jackson and Aerosmith.