Combs is the first person to win Entertainer of the Year for two years in a row since Garth Brooks won in the category in 2016 and 2017.
The single is taken from Combs' album, Growin' Up, which went on to win the CMA 2022 Album of the Year.
Celebrating their shared home state of Kentucky, the live collaboration follows their appearance at October's Kentucky Rising concert.
The festival, which is taking place on April 28-30 2023, will feature Spoon, The Head and the Heart and Jason Isbell and the 400 Unit.
The Co-founder of Alabama has passed away at the age of 73.
The AMA-UK have announced the winner and honourees for the 2023 UK Americana Awards, presented in London in January.
