The awards will be given out at a special ceremony on 12 February. Dame Julie made her Broadway debut in 1954 and has a career, which spans more than 60 years. The singer and actress has won a Grammy before, taking home the 1964 award for best recording for children for her role in 'Mary Poppins".
It is the first time The Recording Academy has honoured punk pioneers The Ramones - famed for songs like 'Blitzkrieg Bop" and their cover of Baby, 'I Love You". "It is a great honour to recognize and celebrate such a distinguished and dynamic group of honourees who have been the creators of such timeless art," the BBC quoted Neil Portnow, president of the Academy, as saying.
"These influential performers and brilliant innovators have been of great inspiration to our culture and industry. Their legendary work has left a lasting impression and will continue to influence generations to come," he said.