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Since 2018 there have been four ceremonies held in Mexico City with a television broadcast covered by MVS TV.

The awards were established in 2017 by the Academia Metropolitana de Teatro as an annual ceremony with support of the Secretariat of Culture of Mexico and the Secretariat of Tourism of Mexico City,[1] and were first held in 2018.

A lifetime achievement award is presented as a non-competitive category with the backing of Mexico's Secretariat of Culture.

Nominees are decided by an internal committee,[5] while winners are voted by a jury of a rotating group of theatre professionals.

Winning nominees are awarded a silver-plated trophy designed by Mexican-Peruvian sculptor Aldo Chaparro,[6] with one category offering a monetary prize for independent producers and theatre associations.