McCartney, whose new album Kisses On The Bottom is released on February 6, will also give a special performance at the event.
Hosted by comedian Eddie Izzard, other performers included in the lineup are Alicia Keys, Norah Jones, Tony Bennett, Foo Fighters, Neil Young and Crazy Horse.
The ceremony will take place on Friday, February 10 prior to the Grammys.
Proceeds from the event will be donated to MusiCares, an organisation that helps musicians who are struggling due to lack of finance or other personal issues
Perry was recently added to the list of performers at this year's Grammys.
The 54th Grammy Awards will air on February 12 at 8pm EST on CBS.
Watch a video promo of Paul McCartney's Kisses On The Bottom below: