He will be assisted by "Jimmy's Angels" - Stallone sisters Sistine, Scarlet and Sophia - who are jointly this year's "Miss Golden Globe", an honor granted to the child or children of a respected member of the entertainment industry. Meryl Streep, who has nominations for 30 Globes (including one this year) to her credit will be awarded the Lifetime Achievement Award by presenter Viola Davis.
With Jimmy Fallon scheduled to host the 74th annual ceremony, there is no doubt that Sunday night will be an interesting one, but before tuning in to NBC, check out some fun facts that you may not have known about the long-running ceremony.
With the first major awards show of the year set to air on Sunday, Jan. 8, you'll need your guide on how to watch the 2017 Golden Globes red carpet ASAP. It should last three hours. If you're interested in seeing the celebs walk the carpet, you'll have to tune in an hour early at 7 p.m. ET on NBC or 6 p.m. ET if you prefer to watch E!
The musical La La Land leads the pack in this year's Golden Globe nominations, with seven nods in total, including Best Film (Comedy or Musical), Best Director and acting nominations for its two stars, Emma Stone and Ryan Gosling.
Irish actors Ruth Negga, Colin Farrell and Caitriona Balfe are all nominated for Awards, as well as John Carney's Sing Street which is nominated for Best Movie in the Comedy or Musical category.
Our guesses for the Golden Globes which is around the corner.
Because NBC is a broadcast network, you can also get the channel with an indoor antenna. The film awards can be particularly crucial in setting the narrative for the Oscar race ahead (the Academy Award nominations are announced later this month): A publicity-grabbing speech, or shocking victory, can help catapult an actor or movie into frontrunner status. If Sarah Jessica Parker decides to wear a tulle skirt, all our dreams will come true at Golden Globe Awards.
While we did see the Golden Globes 2017 nominations last month, this is where things get down and dirty (and drunk)!
Gene Kelly and Leslie Caron in 'An American In Paris, ' the first victor of Best Picture - Musical or Comedy.
More interested in who the stars are wearing than who's winning what award?
This year you can expect to see all of your favorite actors and actresses walking the red carpet and enjoying the extravagant meal. But the television categories are a legitimate murderer's row, with shows like Game of Thrones, Westworld, Stranger Things, and The Night Of battling it out in various categories.