The Recording Academy, also known as NARAS, is a privately owned organization headquartered in the US. Founded in 1957 with approximately 1,520 employees, the company functions as a tier 1 media tech buyer. The organization operates as a professional body, comprised of musicians, producers, engineers, and other music industry professionals dedicated to promoting and recognizing excellence in the recording arts. It is known for its Grammy Awards, which recognize achievements in the music industry concerning songs and music globally.

Revenue

Founded

1957

Headcount

1,512

Headquarters

United States

Primary Segment

Musicians

Ownership

Privately Owned

News Summary:

The Recording Academy announced significant changes for the 2027 Grammy Awards on June 25, introducing several new genre categories and updating eligibility rules for its top awards, most prominently affecting the new artist and album categories. Previously, on June 18, the Academy revealed the creation of a Best Asian Pop Music Performance category, recognizing the ascendence of Asian artists in the mainstream and following breakthrough wins earlier this year by KPop Demon Hunters. This announcement followed the June 17 disclosure that new Best Asian and Latin pop music categories represent a significant step toward acknowledging diversity in music, with South Korean boy band BTS previously becoming the first Korean pop act nominated for a Grammy in 2021 for "Dynamite." Latin music has historically held an influential commercial and cultural position within the American music industry but was often viewed as a parallel phenomenon. The Academy also revised the Grammy rulebook for the 2027 awards on June 16, notably impacting the Best New Artist category by redefining what it means to be "new" and removing the previous allowance for artists to submit three times.

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The Recording Academy (NARAS) offers products in the media and telecoms services industry. The Recording Academy (NARAS)'s product portfolio comprises of search, social, and retail media.
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Examples of The Recording Academy (NARAS)'s suppliers include Sennheiser, NEP Group and Bitmovin.

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