Named after the Hungarian film critic, aesthetician, writer, and poet Béla Balázs, who died in 1949, the award was founded in 1958.
The prize is awarded annually by the Hungarian culture minister on March 15.
[1] The request for ministerial recognition can be initiated by anyone - except for the candidate themselves and their immediate family - three months before the due date.
[2] The candidate's professional portfolio must also be submitted on a medium capable of playing audiovisual content.
[3] Award winners are given a commemorative medal with an embossed portrait of Béla Balázs.