Advances granted between now and April 16 will be offered with no fees or interest of any kind for the next year.
The music veteran is currently undergoing treatment at the UCLA Medical Center.
The deal allows Apple Music to stream content owned and under license by all three major labels.
The music veteran will receive the prestigious honor during the 2020 Music Biz Conference in Nashville, TN.
Green Day, ASCAP, Stormzy, Coachella and SXSW have all been axed or postponed due to Coronavirus fears.
Can a genre-specific streaming site work?
The deal was dubbed as 'a landmark day in the music industry'.
Morgan Stanley predicts the company will have over 53m paid UAE subscribers by 2023. UAE Subscribership currently stands at 11m.
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