The MTV Movie Awards is expanding and rebranding to include television categories, the network announced today. The first MTV Movie & TV Awards will air Sunday, May 7, and will revert back to being live (last year's was pre-taped).

"We're living in a golden age of content, and great storytelling and characters resonate regardless of whether you're watching it in a theater or on TV," Chris McCarthy, president of MTV, said in a statement. "The new MTV Movie and TV Awards will celebrate even more of the brightest, bravest, funniest and most shared films and TV shows resonating across youth culture."

In addition, MTV will throw the first-ever Movie and Television Festival leading up to the ceremony that evening. The festival will feature musical acts and special guests outside L.A.'s Shrine Auditorium, and attendees will get a front-row view of the red carpet as celebrities arrive.

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