The star-studded event took place at Manhattan's famed Warldorf Astoria hotel.
Genesis' original lead singer Peter Gabriel reportedly had to miss the gala because he is preparing to tour.
The Bee Gees's Barry and Robin Gibb introduced ABBA members Anni-Frid Lyngstad and Benny Andersson. The Swedish pop band's co-founders Bjorn Ulvaeus and Agnetha Faltskog were unable to attend, E! News noted.
Also recognized at Monday night's event were megaproducer David Geffen, reggae artist Jimmy Cliff and British pop group the Hollies.
Notable deaths of 2014 [PHOTOS]