Polar Music Prize
A Swedish honor celebrating his global impact on music and humanity.
The Polar Music Prize is a Swedish international award founded in 1989 by Stig Anderson, best known as the manager of the Swedish band ABBA, with a donation to the Royal Swedish Academy of Music. The award is annually given to one contemporary musician and one classical musician. Without any restrictions of nationality, the prize is to be "awarded for significant achievements in music and/or musical activity, or for achievements which are found to be of great potential importance for music or musical activity, and it shall be referable to all fields within or closely connected with music". The prize has been called the "Nobel Prize of Music" in Sweden. The awards were first presented in 1992. The Polar Music Prize is regarded as Sweden's foremost musical honour.
Quick Facts
- Awarded for
- International recognition of excellence in music
- Presenter
- Stig Anderson Music Award Foundation
- Country
- Sweden
- Reward
- 1 million Swedish krona
Lore & Background
The awards were first presented in 1992, with recipients Sir Paul McCartney and the Baltic states (Estonia, Latvia, and Lithuania) honored as separate laureates. The prize is overseen by the Stig Anderson Music Award Foundation, which includes members of Anderson's family and representatives of SKAP – the Swedish Society of Songwriters, Composers and Authors and the Swedish Performing Rights Society. A committee of musicians, other experienced members of the music industry, and members of Anderson's family selects the prize recipients from nominations submitted by representatives of several international music industry organizations, such as the European Composer and Songwriter Alliance. The prize amount is raised from revenue from the donation, while sponsors fund the ceremony. In June 2018, it was reported by Swedish public service radio that the Polar Prize organization had sustained large financial losses for several years.
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