The biggest prize (in monetary terms) of the classical music world, The Birgit Nilsson Prize, awarding one million dollars to the winner was awarded for the first time, the winner being: Plácido Domingo.
The identity of the first winner was already decided by Birgit Nilsson before her death and has until now been kept in a sealed envelope. The prize will be awarded every second or third year, the winner from now on to be chosen by an international committee.
To be considered for the award: A male or female opera or concert singer, or conductor within the same area. Or a specific production for an opera company.
Rutbert Reisch of the Birgit Nilsson Foundation explains that it was at Birgit Nilsson´s specific request that the prize should only be awarded three years after her death to avoid unwanted focus on Birgit Nilsson´s person as opposed to the purpose of the award (to promote opera and culture). He furthermore explains that there is enough money to award the prize in many years to come.
Further information (in Swedish) here.