The Grammy Awards, stylized as GRAMMY, and often referred to as the Grammys, are awards presented by the Recording Academy of the United States to recognize outstanding achievements in the music industry. They are regarded by many as the most prestigious and significant awards in the music industry worldwide. They were originally called the Gramophone Awards, as the trophy depicts a gilded gramophone. The Grammys are the first of the Big Three networks' major music awards held annually,[note 1] and are considered one of the four major annual American entertainment awards with the Academy Awards (for films), the Emmy Awards (for television), and the Tony Awards (for theater). The first Grammy Awards ceremony was held on May 4, 1959,[1] to honor the musical accomplishments of performers for the year 1958. After the 2011 ceremony, the Recording Academy overhauled many Grammy Award categories for 2012.[2] The 66th Annual Grammy Awards, featuring a total of 94 categories, was presented February 4, 2024.