The Polar Music Prize was founded in 1989 by the late Stig ”Stikkan” Anderson, a true legend in the history of Swedish popular music. Stig Anderson was the publisher, lyricist and manager of ABBA, and he played a key role in their enormous success. The name of the prize stems from Anderson’s legendary record label, Polar Music.

The Polar Music Prize celebrates the power and importance of music and is awarded to individuals, groups or institutions for international recognition of excellence in the world of music.