Happy New Year indeed! MTV announced its 'NYE in NYC 2012' lineup, featuring Demi Lovato, her BFF Selena Gomez and a slew of other artists.

Not content to just perform, Lovato will also host the event with 'Teen Wolf' star Tyler Posey, with Vanessa Marano and Katie Leclere of 'Switched at Birth' also on hand to celebrate. In addition to Lovato, J. Cole, Jason Derulo, Mac Miller and Gomez will also serenade revelers.

The special is also semi-interactive. Starting Weds., Dec. 15 until Thurs., Dec. 29, you can vote for your favorite songs of 2011 to be used in a surprise performance on the show. The MTV special airs live at 11PM EST on MTV on Dec. 31 -- but you can also bid on a pair of tickets to see it live in the flesh. Proceeds from the auction benefit the FWD campaign's efforts in East Africa.

Selena Gomez is probably happy to spend New Year's Eve in the Big Apple -- she'll be close to boyfriend Justin Bieber, who's performing in Times Square for Dick Clark's competing 'New Year's Rockin' Eve' special with Lady GagaLMFAONicki MinajPitbull and more.

With all this great TV, music fans may want to keep the party in their living room instead of going out!