Britney And Paris Set To Co-host Billboard Music Awards (Or Not?)

New best friends Britney Spears and Paris Hilton are taking their act onstage: The pair will host next week's Billboard Music Awards in Las Vegas, a source confirms to PEOPLE.

"There are no plans for either to perform, but they will host the event together," says a show source. "They’ll be fun onstage together."

Among those performing will be Janet Jackson – who will open the show – Gwen Stefani, Mary J. Blige, Ludacris, and the Fray. Carrie Underwood, Carmen Electra, Dave Navarro, Vanessa Minnillo, and Katharine McPhee are among the celebs making special appearances.

Finalists are expected to be announced shortly.

The 2006 Billboard Music Awards will air live on FOX Monday at 8 p.m. ET from Las Vegas’s MGM Grand Garden Arena.

Source: People.com

Someone get me the hook up and get me tickets to the show! I live in Vegas, it is just too perfect. Help a brotha out.

After nearly a week of clubbing, partying and shopping in LA with new BFF, Paris Hilton, Us has learned exclusively that Britney Spears has abruptly pulled out of co-hosting with the heiress on the Fox Billboard Music Awards, scheduled to air live on December 4.

"She pulled out," confirms a source with Fox. "She didn't give a reason."

The source tells Us that Hilton is still a possible host despite losing Spears as a sidekick. Other sources confirm that as recent as this morning, agents for both Hilton and Spears were hashing out the final terms of the contract, but at 5pm today, Spears had backed out of negotiations.

"We really don't know the reason. But we're disappointed she backed out." says a Fox source.

The source says the show may go on with Hilton as solo host, or it may feature comedian (and Fox sitcom star) Brad Garrett, given he's at the top of the show producer's wish list.

At press time, neither Hilton or Spears' reps were available for comment.

Source: Us Weekly