The Tony Award is a prestigious accolade presented annually to recognize excellence in Broadway theater. Established in 1947, it honors outstanding achievements in various categories, including acting, directing, and design. The awards are named after Antoinette Perry, an actress and director who was a key figure in American theater. The awards are determined by the American Theatre Wing and the The Broadway League. Winners are selected by a panel of judges, and the ceremony is held each June in New York City. The Tony Awards are considered one of the highest honors in the theater industry, alongside the Pulitzer Prize for Drama.