Red Hot Chili Peppers and Guns N' Roses will be inducted into the Rock and Roll Hall of Fame next year.

Beastie Boys, The Small Faces/Faces, Donovan and Laura Nyro also made the cut.

Red Hot Chili Peppers frontman Anthony Kiedis received the good news while the group were on tour.

He was overcome with emotion and has paid tribute to his bandmates.

"I called my dad and cried," he told Rolling Stone. "The most emotional part for me was thinking about [late Red Hot Chili Peppers guitarist] Hillel Slovak It's really kind of his induction that I'm the most excited about. He's a beautiful person that picked up a guitar in the 1970s and didn't make it out of the 1980s, and he is getting honoured for his beauty It really fills my heart with the reality of how much we love doing what we do, and how much Flea and I love each other.

"We have stuck together through thick and thin and we want to keep on trucking and continuing to do what it is we do."

Nominees must have been making music for 25 years before they can be considered.

Guns N' Roses are the only band to be inducted in their first year of eligibility.

The original group haven't performed together since the 90s, but Axl Rose recently revealed he would be open to a reunion for the ceremony.

"I don't know what it means in terms of me with the old band and the old line-up," he said. "If we were to be invited, I don't know what they would ask of me. It's up in the air."

Blues musician Freddie King will enter the Hall of Fame as an Early Influence, while late producer and TV host Don Kirshner will receive the Ahmet Ertegun (non-performer) Award.

The ceremony will take place on April 14 at Cleveland's Public Hall.