Colbert will help honor Tom Hanks, Lily Tomlin, and Sting, among others.
Find out the five musicals you'll get to see as you watch the event on November 27.
Watch NBC on November 27 to see some of your favorite Broadway stars in action.
The duo will appear near the end of the season.
The entire company for the upcoming NBC broadcast has been announced.
Current On the Town star Jay Armstrong Johnson also appears in Stephen Sondheim and Hugh Wheeler's musical on Live From Lincoln Center tonight.
Levi is executive-producing the project along with Eva Longoria.