Metallica has been named this year’s recipient of the Polar Music Prize, an honor cited by many as the music equivalent of the Nobel Prize. The award, which recognizes international excellence in music, will be presented to the band this spring.


"Not since Wagner's emotional turmoil and Tchaikovsky's cannons has anyone created music that is so physical and furious, and yet still so accessible," reads a statement posted on the Polar Music Prize website. "Through virtuoso ensemble playing and its use of extremely accelerated tempos, Metallica has taken rock music to places it had never been before. In Metallica's world, both a teenage bedroom and a concert hall can be transformed into a Valhalla. The strength of the band's uncompromising albums has helped millions of listeners to transform their sense of alienation into a superpower."

Past recipients of the Polar Music Prize, which was founded in 1989 by former ABBA manager Stig Anderson, include Paul McCartney, Led Zeppelin, Patti Smith, Paul Simon, and Pink Floyd, among others.

As part of the honor, Metallic will receive one million Swedish kronor, the rough equivalent of $126,000. As reported by Rolling Stone, the band will donate the money to the All Within My Hands Foundation, an organization the group founded in 2017 to aid communities in need with workforce education, food-bank donations, and other local services.