Posted: Mon Sep 26, 2005 8:39 pm

Russell Simmons and Reverend Run have united once again to host the second annual "VH1 Hip-Hop Honors," which pays homage to the Hip-Hop pioneers who??€�ve transformed the genre into a global phenomenon.
This year's celebration was taped last Thursday (Sept. 22) at Hammerstein Ballroom in New York.
The special, which airs tonight (Sept. 26) on VH1, will honor LL Cool J, Big Daddy Kane, Grandmaster Flash and The Furious Five, Notorious B.I.G., Ice T, Salt -N- Pepa, and the film ??€?Boyz N The Hood.??€?
??€?The pioneers are not yet in the history books,??€? host Russell Simmons told AllHipHop. ??€?This show should help position them so they can share in the good fortune that Hip-Hop has had.??€?
The selection of the Simmons brothers as host of the event cements an already strong working relationship between the two.
With business ties that span over several decades, Russell and Run are no strangers to working with each other.
Early in their careers, Russell began managing his brother Run (real name Joseph Simmons) and served as the mastermind behind the Hip-Hop mega-group Run DMC.
As the VH1 co-host duties demonstrate, the brothers show no signs of slowing down.
??€?VH1 Hip-Hop Honors will be the first time we've hosted an event on television together,??€? Reverend Run told AllHipHop. ??€?We host our sneaker events all around the world bi-weekly and we do autograph sessions in many cities. We've hosted sneaker parties from London to LA and back to NY and this has been a key to our $100 million dollar-a-year success with our footwear business.??€?
Through the years, they have continued to work with each other on a variety of business ventures.
Most recently, Russell made Run president of his American fashion line Phat Farm Athletics, after successfully running the Phat Farm footwear division.
In related news, the brothers have partnered with MTV and Sean "Diddy" Combs to produce a reality series, "Run's House."
Coming in October, the show will give viewers a peak into the family life of Reverend Run.
The ??€?VH1 Hip-Hop Honors??€? premiers tonight at 9pm EST and will feature performances by Kanye West, Eve, Nelly, Common, Jazzy Jeff, Snoop Dogg and Missy Elliott as well as surprise guests.