From Rolling Stone:

Madonna and John Mellencamp will be inducted into the Rock and Roll Hall of Fame next year, alongside Leonard Cohen, the Ventures and the Dave Clark Five. Philly Soul songwriter/producer team Kenny Gamble and Leon Huff will be presented the Ahmet Ertegun Award (previously known as the non-performer category) and blues harmonica player Little Walter will be inducted in the sideman category.

This is Madonna’s first year of eligibility; her debut single, "Everybody," was released twenty-five years ago in 1982.

The induction ceremony will take place on March 10th, 2008 at New York’s Waldorf Astoria.

Among the artists who were nominated this year but did not get in are the Beastie Boys (who were eligible for the first time) and Donna Summer. Read on for a list of Rock and Roll Hall of Fame inductees from the past ten years (for a complete list of inductees since 1986, click here).