“After years of offers, I feel the time is now finally right to pass the torch,” said Cornelius in a statement. “The MadVision team understands and respects my vision, and they share my own commitment to seeing the brand rise to the next level.”

Omarion and ousted member of “Beyonce and ‘Nem” Letoya Luckett have been taped to host the twenty-first annual Soul Train Music Awards. The pair announced the list of nominees live from Beverly Hills on Tuesday.

The ceremony will be taped Saturday, March 10 at Pasadena Civic Auditorium, and air March 17-March 24 through Tribune Entertainment Company distribution.

Check out the complete list of nods:

Best R&B/Soul Single, Female:
Beyonce, “Irreplacable”
Mary J. Blige, “Take Me As I Am”
Keyshia Cole, “Love”
LeToya, “Torn”

Best R&B/Soul Single, Male
Avant, “4 Minutes”
John Legend, “Save Room”
Ne-Yo, “Sexy Love”

Best R&B/Soul Single, Group, Band or Duo
Gnarles Barkley, “Crazy”
The Isley Brothers f. Ronald Isley, “Just Came Here to Chill”
Jagged Edge, “Good Luck Charm”
The Pussycat Dolls f. Avant, “Stickwitu”

Best R&B/Soul Album, Female
Beyonce, B’Day
Mary J. Blige, The Breakthrough
India.Arie, Testimony: Vol. I, Life & Relationship”
Monica, The Makings of Me

Best R&B/Soul Album, Male
Chris Brown, Chris Brown
Jamie Foxx, Unpredictable
John Legend, Once Again
Robin Thicke, The Evolution of Robin Thicke

Best R&B/Soul Album, Group, Band or Duo
Danity Kane, Danity Kane
Gnarls Barkley, St. Elsewhere
The Isley Brothers f. Ronald Isley, Baby Makin’ Music
Jagged Edge, Jagged Edge
Danity Kane, Danity Kane

Best R&B/Soul or Rap New Artist
Lupe Fiasco, “Gotcha”
Ne-Yo, “Sexy Love”
Rick Ross, “Hustlin”
Yung Joc, “It’s Goin’ Down”

The Michael Jackson Award for Best R&B/Soul or Rap Music Video
Beyonce, “Irreplaceable”
Busta Rhymes f. Will.i.am & Kelis, “I Love My Chick”
Jay-Z, “Show Me What You Got”
Jim Jones, “We Fly High”

Best R&B/Soul or Rap Dance Cut
Dem Franchize Boyz f. Lil Peanut & Charlay, “Lean Wit It, Rock Wit It”
Sean Paul, “Give It Up to Me”
DJ Webstar & Young B f. The Voice of Harlem, “Chicken Noodle Soup”
Yung Joc, “It’s Goin Down”

Best Gospel Album
The Caravans, Paved the Way
Kirk Franklin, Songs from the Storm, Volume
Bishop G.E. Patterson Congregation, Singing the Old Time Way Volume II
Youth for Christ, The Struggle is Over