Billboard.biz has learned that Sir George Martin will be inducted into the U.K. Music Hall of Fame at the third annual ceremony, which will be held later this year in London. The "fifth Beatle" will r

Billboard.biz has learned that Sir George Martin will be inducted into the U.K. Music Hall of Fame at the third annual ceremony, which will be held later this year in London. The "fifth Beatle" will receive this year's honorary member trophy for his contribution to British music. Martin will join past honorary members John Peel (2005) and Chris Blackwell (2004).

In the past two years, 20 artists have also been inducted into the U.K. Music Hall of Fame. They include the Beatles, Madonna, Bob Marley, Queen, Elvis Presley, Pink Floyd, Eurythmics and the Kinks.

Acts for the 2006 induction ceremony will be selected by the U.K. Music Hall of Fame steering group, which consists of more than 80 artists, journalists, broadcasters and industry executives.

Presented by Channel 4 and production company Initial, the U.K. Music Hall of Fame 2006 will be broadcast in the United States by VH1 for the second consecutive year. Channel 4 International will distribute the event worldwide.

Talks are ongoing with London's Millennium Dome to permanently house the Hall of Fame itself and host future editions of the TV event.