Pearl Jam's Eddie Vedder, Dave Grohl, Norah Jones and Jack Johnson are among the acts confirmed for a Nick Drake tribute album to be released by Johnson's Brushfire Records.
The announcement was made during the MidemNet conference in Cannes, France, by David Schulhof, whose company, EverGreen Copyrights, controls Drake's rights.
"Fans are willing to pay for that kind of product," he said. "I don't think labels are doing that and I certainly don't think publishers are doing that."
The recording process was filmed for release as part of a DVD package. It will also include the late actor Heath Ledger's version of "Black Eyed Dog," filmed in late 2007 for a multimedia installation about Drake but never officially released.
English singer/songwriter Drake was little-known when he died of a drug overdose at age 26 in 1974. But his influence has mushroomed in the ensuing decades, and his profile was given an astronomical boost when his song "Pink Moon" was used in a Volkswagen ad in 2000.