A New Cash Prize For an American Debut

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For anyone who feels that the music industry is deficient in awards and prizes here is a new one: Scott B. Murphy, who founded the Australian Music Prize in 2005, announced on Wednesday that he is starting a counterpart, the American Music Prize, for the best debut album of the year.

A spokeswoman said that it would include a cash award of “approximately $75,000” and that the first prize would be awarded next fall.

To be eligible an album must have been released between Aug. 1, 2014 and July 31 , 2015 and recorded by an American performer or an ensemble in which at least 51 per cent of the members are resident of the United States. Recordings in all genres are eligible. Mr Murphy, who is modelling the competition after his Australian prize but also pointed to the Mercury Prize in Britain and the Polaris Music Prize in Canada as influential, said in a statement that he hoped the prize would help emerging artists.

The winners will be selected by a jury of about 50 artists, journalists, radio hosts and retailers, the spokeswoman said.