His family along with several other celebrities will be joining him, including cast members from ABC's "Grey's Anatomy" and "Modern Family." Kyle and Christopher Massey will also serve as roving reporters.
"I, and my wife Shawn, and two boys, Chance and Cannon, look forward to greeting everyone in the streets of Hollywood on November 28th as we make our way around the parade route to wish you all a happy, healthy and prosperous holiday season," King said.
King is one of many celebrities who will serve as Grand Marshal. Joe E. Brown was the parade's first grand marshal in 1932, and others include Bob Hope, Gene Autry and Jimmy Stewart.
The parade will head down Hollywood Boulevard the Sunday evening after Thanksgiving on Nov. 28.
The City News Service contributed to this report.