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Time is now! Watch UFC special press conference video announcement LIVE from Las Vegas

Ultimate Fighting Championship (UFC) is about to break some major mixed martial arts (MMA) news later today (Mon., Nov. 17, 2014), with a special press conference from inside the Smith Center for the Performing Arts in Las Vegas, Nevada, titled "The Time is Now."

Time for what? We'll find out at 5 p.m. ET.

UFC light heavyweight champion Jon Jones, along with UFC middleweight kingpin Chris Weidman and UFC women's bantamweight titleholder Ronda Rousey, will join an all-star cast that includes Conor McGregor, Anderson Silva, Nick Diaz, Alexander Gustafsson, Anthony Johnson, Lyoto Machida, CB Dollaway, Daniel Cormier, Dennis Siver, Vitor Belfort and Cat Zingano.

And of course, UFC President Dana White.

Among the topics expected to be covered is the promotion's early 2015 pay-per-view (PPV) schedule, as well as its line up for FOX Sports 1 and UFC Fight Pass. Similarly, Bellator MMA unveiled a couple of its upcoming offerings over the weekend on Spike TV (see them here).

See you at 5 p.m. ET sharp!