Polar Music Prize

The Polar Music Prize is a Swedish international award founded in 1989 by Stig Anderson(best known as the manager of the Swedish band ABBA)with a donation to the Royal Swedish Academy of Music

The award is annually given to one contemporary musician and one classical musician

Exceptions were made in 2001, when it was awarded to three musicians (one composer, one contemporary musician and one inventor), and 2003, when it was awarded only to one composer.

Laureates are awarded 1 million koner (approximately US$144,000)

Youssou Ndour and Kaija Saariaho win Polar Music Prize 2013

Senegalese singer Youssou Ndour and Finnish composer Kaija Saariaho have been named as the recipients of this year's Polar Music Prize 2013

The pair will each receive one million kronor (£98,600) from the Royal Swedish Academy of Music.

King Carl XVI Gustaf will present them with their awards at a Stockholm ceremony on Aug 27,2013