The iconic producer is known for hosting extravagant events on the eve of music's biggest night of the year, and he had already planned to throw a party ahead of the 63rd annual Grammys before it was moved from January 31 to March 14 due to coronavirus concerns.
Now Davis has decided to press ahead with his January 30 bash, and simply make it a two-part virtual celebration, with the first show featuring 20 of his favourite live performances from previous years.
He will also welcome stars including Springsteen, Gibb, Keys, Legend, Rod Stewart, Gladys Knight, Sean 'P. Diddy' Combs, Earth, Wind & Fire, Jamie Foxx, and Jennifer Hudson to share their memories with Davis, according to the New York Post's Page Six.
The industry heavyweight will then hold his second digital event during the new Grammys weekend on March 13.
A source tells Page Six, "In addition to some extraordinarily insightful interviews with some of the biggest names in music, Clive is compiling a never-before-seen tribute to the greatest live performances of all time - not just from his party. He is keeping everything under wraps until the evening itself but it's totally over the top."