Paul Simon has nabbed the 2012 Polar Music Prize, awarded annually in Sweden to one contemporary and one classical artist by the Royal Swedish Academy. Cellist Yo-Yo Ma will take home the latter prize.
The ceremony will be held in Stockholm, Sweden on August 28. Each prize winner will receive one million kronor (about $145,000) in addition to the honor.
Speaking on Simon, the Academy says he was honored for the quality of his music and the duration over which he has made it:
"For five decades, Paul Simon has built bridges not only over troubled waters but over entire oceans by (re)joining the world's continents with his music. Paul Simon has compiled a library of songs which will remain open to future generations."
The Polar Music Prize was founded in 1989 by Stig Anderson, one-time manager of ABBA.
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