The Grammy Awards (originally called the Gramophone Awards)—or "Grammys"—are presented annually by the National Academy of Recording Arts and Sciences of the United States for outstanding achievements in the record industry. The awards ceremony features performances by prominent artists, and some of the more prominent Grammy Awards are presented in a widely-viewed televised ceremony. The current President of the Academy is Neil Portnow. The Grammys are considered the highest music honor, the U.S. record industry's equivalent to the Academy Awards (Oscars) for motion pictures.
Prior to the first live Grammys telecast in 1971 on ABC (CBS bought the rights in 1973 after moving the ceremony to Nashville, Tennessee; the American Music Awards were created for ABC as a result), a series of taped annual specials in the 1960s called The Best on Record were broadcast on NBC.
The award show is normally held in February. The 50th Grammy Awards ceremony was held on February 10, again at the Staples Center.
As of 2006, the eligibility period for the Grammy Awards begins October 1.