Veteran music stars such as Sir Paul McCartney, David Bowie and Morrissey have been included in the shortlist for the inaugural Mojo magazine awards.
Morrissey has recently made a comeback with a top three single
The Mojo Honours List winners will be announced at the Banqueting House in Whitehall, London, on 22 June.
The list was set up to honour elder artists often overlooked for awards.
"This is about music that's built to last and that has provided us with the soundtrack to our lives," said Mojo editor-in-chief Phil Alexander.
The shortlist for the Mojo icon award, voted for by the listeners of Mojo Radio, features David Bowie, Kate Bush, Marvin Gaye, Morrissey and Prince.
The Mojo inspiration award category, which organisers say reflects artists who have influenced others, includes Joe Strummer, Arthur Lee, The Smiths, David Bowie and Johnny Cash.
Nominees for the Mojo songwriting award are Sir Paul McCartney, Ray Davies from The Kinks, Paul Weller, Elvis Costello and the late Nick Drake.
More artists will be chosen to enter the Mojo Hall of Fame during the day.
Other categories in the awards include the classic album award and the Mojo medal, which will be awarded to an industry member for unsung work.
"Other awards celebrate the biggest names and the best releases of the preceding year," said Mr Alexander.
"We believe there's long been a need to properly honour the extraordinary talents of the artists, bands and songwriters whose careers have been responsible for enhancing our rich musical culture," he said.
"It's absolutely appropriate, therefore, that the inaugural Mojo Honours List comes on the 50th anniversary of the birth of rock 'n' roll," he said, a reference to the 1954 release of Elvis Presley's That's Alright Mama.
The event is expected to be a small, non-televised ceremony.