Season 8's winner and top female, Kris Allen and Allison Iraheta, will perform live on BILLBOARD'S NEW YEAR'S EVE LIVE airing Thursday, Dec. 31 from 11:00 PM to 12:30 AM on FOX. Kris and Allison will each perform hits off their brand new records. Learn more about Kris' self-titled album, here. Read about Allison Iraheta's debut album, Just Like You.

Carmen Electra will host a New Year's Eve to remember as she celebrates the biggest night of the year in a coast-to-coast television event. FOX cameras will capture every electrifying moment from Las Vegas and the heart of New York City as the world-famous New Year's Eve Ball makes its descent into Times Square. The New Year's celebration will showcase some of the most memorable moments from the historic Billboard Music Awards, and will count down the Top 5 of the year in music, movies, and television.

Recently, AmericanIdol.com caught up exclusively with Kris and with Allison. Watch part one and part two of our interview with Kris. Check out our interview with Allison, here.