The Oscars and Grammys are approaching and will be livestreamed from the Los Angeles area. Here is what you need to know.

The 68th annual Grammy awards will be held on Sunday, Feb. 1. The Grammy Awards are an award ceremony that celebrates the music industry and the artists within it. With as many as 95 categories, many people anticipate for their favorite artists to win the “Big Four” or the Record Of The Year, Album Of The Year, Song Of The Year, and Best New Artist.

Winning a Grammy award is important for many artists within the music industry. By winning one, artists alike gain recognition, including prestige for their known works.

Artists that are being nominated for this year’s Grammy awards are Bad Bunny, Sabrina Carpenter, Billie Eilish, Doechii, Kendrick Lamar, Lady Gaga, Chappell Roan, Bruno Mars, Tyler, The Creator, and so much more.

The winners of any of the categories, according to The Recording Academy, “…will be determined by the Recording Academy’s Voting Members—a peer group composed of music creators, including artists, songwriters, producers, engineers, and more.”

The 98th annual Academy Awards, also known as the Oscars, will be held on Sunday, March 15. The Academy Awards are an award ceremony that celebrates those within the film industry. It’s home to award-winning films like Titanic, Lord of the Rings, The Sound of Music, and many more. Many people anticipate the “Big Five” Oscar Awards: Best Picture, Best Director, Best Actor, Best Actress, and Best Screenplay. The nominations for the Academy Awards will be announced on Thursday, January 22.

Winning the Academy Awards, for any category, brings prestige to any type of work.