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AllHipHop.com reports that Brian-Michael Cox and SESAC, the performing rights organization, will host a gala on February 13 in Los Angeles to honor Diddy.

"I see Diddy's work as an artist being celebrated all the time," Cox said in a statement. "It was important to me to celebrate his work and honor him as a businessman who's marketing genius changed the face of the music industry. Having worked closely with him throughout the years, I've been a direct beneficiary of his counsel and its been life changing."