Lionel Richie, Chic's Nile Rodgers and More Enter Songwriters Hall of Fame

All the details from the big night.

"Ooh, I feel good," Richie said.

He received the Hall's highest honor, the Johnny Mercer Award, and told reporters, "Songwriters honoring songwriters is the best it could ever be."

He also recalled the time when legendary songwriters Sammy Cahn and Henry Mancini admitted to him, "When we first saw you walk down the aisle at the Grammys with your Afro and your platform shoes, [we] said, 'There goes the music business.'"

"So to go from there to now, I think we've done all rright," he said, laughing.

"This means a hell of a lot more to me," he said. "I didn't start out trying to win awards, [but] when people started to approach me and say, 'Oh, you're nominated for this and nominated for that,' the thing that's the most precious to me is either playing or creating. [Well], they don't give you too many awards for playing, but for creating, this is the one."

"She's one of the [most] soulful young people I've heard in a long time," he said.