THE POLAR MUSIC PRIZE was founded in 1989 by the late Stig ”Stikkan” Anderson, one of the true greats in the history of popular music. As the publisher, lyricist and manager of ABBA, he played a key role in their enormous success. Its name stems from Anderson´s legendary record label, Polar Music. The Polar Music Prize is one of the most prestigious and unique music prizes in the world, crossing over musical boundaries and awarded to individuals, groups and institutions in recognition of exceptional achievements.
The board of the Stig Anderson Music Award Foundation includes representatives from the Stig Anderson family, SKAP (The Swedish Society of Popular Music Composers) and STIM (The Swedish Performing Rights Society). The task of scrutinizing nominations submitted and selecting the ultimate Laureates is undertaken by an Award Committee comprising of experienced members of the music industry, representatives from the Anderson family, musicians, and previous Laureates.
Laureates from a wide range of countries, cultures and continents have received the Prize in Stockholm from the hand of His Majesty, King Carl XVI Gustaf.