Bieber, Rihanna, Bon Jovi tapped for Japan aid album

Rock band U2 and singer Nicki Minaj will also be featured on the digital-only album from Universal Music. Pop diva Lady Gaga may also be included.

Proceeds will go to Japanese Red Cross for the benefit of those affected by the 9.0-magnitude earthquake and tsunami, reported MTV News.

"We are doing it only digitally because it is faster, and this will be a worldwide release. The plan is to have it available later this week," a spokesperson for Universal Music said.

In order to maximize proceeds, the record label plans to find more acts willing to waive royalties that would have come from having their tracks appear on the compilation.

Universal Music is not the only music-industry player reaching to support Japan disaster relief. Hip hop group Black Eyed Peas announced recently that the music video for their tune 'Just Can't Get Enough' would be used to promote awareness and funds for victims of the tragic event.