However, the Grammys, usually held in February, (last of what are considered the "big three" music awards shows, including the BMA and AMA shows) are considered the approximate equivalent to the Oscars, in the music world.
Some feel that because Grammy voters tend to vote conservatively, and are marketed to by record companies, the most widely-recognized Grammys tend to go to either well-established artists or those being hyped by the recording industry.
Unlike the Academy Awards, for which the eligiblilty period begins January 1, the eligibility period for the Grammys begins October 1, which results in September being considered the Christmas sales period for the music industry (in which artists generally release big albums to qualify for the next year's Grammy).
Years reflect the year in which the GrammyAwards were handed out, for records released in the previous year.
Supposedly, winning the "Best New Artist" award is considered by many to be a curse, as several award winners never have been able to duplicate the success they received in their debut year.
The award was revoked, but was not handed out to another artist.