Grammys Set Through 2021

The new agreement further extends one of the longest broadcast partnerships in television history. CBS has been the broadcast home of the Grammy Awards since 1973.

The 54th Annual Grammy Awards will take place live on Sunday, Feb. 12, 2012, at Staples Center in Los Angeles from 8 � 11:30 p.m. (ET/PT).

"We are so pleased to continue our longstanding partnership with our friends at CBS, which has grown beyond our signature GRAMMY Awards event," said Neil Portnow, President/CEO of The Recording Academy. "We have consistently collaborated to ensure that a dynamic, fresh and diverse live telecast is presented, and we are proud of the collective growth and results we have achieved. In recent years, we have worked diligently to develop new GRAMMY programming that celebrates music throughout the year and now, with many more nights of great music and television ahead of us, we look forward to continuing to expand our brand and partnership."

"We are excited to be the home of the GRAMMYs for another decade and to continue our long and mutually beneficial partnership with The Recording Academy," said Leslie Moonves, president and chief executive officer, CBS Corporation. "The long-term structure of this deal will provide even greater continuity with marketing and sales opportunities for both organizations for an event that continues to grow in size and scope � both culturally and commercially."

"CBS and the GRAMMYs continue to be a partnership of two great brands combining to create one of television's most celebrated nights," said Nina Tassler, president, CBS Entertainment. "It is an event that has become an entertainment force in generating audience, social media conversation and music sales."

In addition to the annual awards telecast, the 10-year agreement also includes the continued annual broadcast of "The GRAMMY Nominations Concert Live!! � Countdown To Music's Biggest Night," a one-hour special that sets the stage for the annual GRAMMY Awards telecast with nominations in several categories and performances by past GRAMMY winners and/or nominees. This year's special will be broadcast live in Los Angeles on Wednesday, Nov. 30, 2011. This marks the fourth consecutive year that nominations for the annual GRAMMY Awards will be announced live on primetime television.