The Polar Music Prize is an annual award established in 1989 by the late Swedish conductor Bertil Gyllenberg. It honors individuals and groups who have made significant contributions to music, regardless of genre or nationality. The prize aims to promote cultural exchange and appreciation of music worldwide. Each year, the award is presented in Stockholm, Sweden, during a ceremony attended by royalty and music industry leaders. Recipients receive a monetary award and a diploma, recognizing their artistic achievements. Notable past winners include Bob Dylan, Björk, and Yo-Yo Ma, highlighting the prize's diverse musical focus.