Miley Cyrus and Dolly Parton will co-host Miley's New Year's Eve Party live in Miami, with a star-studded event featuring celebrity guests and special performances. The two stars posed for promotional photos, with Miley wearing a figure-hugging dress and Dolly rocking a shimmering gold dress. They announced the news in a video and expressed excitement for the upcoming show. Miley's New Year's Eve Party first aired last year and was a success, leading to its return this year. Miley is also serving as an executive producer for the event. The show will air on NBC and stream on Peacock on December 31.