The Tony Awards, established in 1947, is the highest international award in the theater industry, jointly created by the Broadway League and the American Theatre Wing. It is considered one of the four top awards in the American arts world, alongside the Oscars for film, the Grammy Awards for music, and the Emmy Awards for television. The significance of the Tony Awards extends beyond being a top cultural IP in the world theater scene; it represents an advanced and mature cultural industry engine. The Tony Awards features 24 regular award categories. The award ceremony is held annually in June in New York City, serving as the premier event for the American theater industry. Behind the awards set by the Tony Awards, countless derivative industry chains have been driven, bringing long-term prosperity to the American theater industry.