[1] Due to the implication of this associations, Premios Odeón are considered the Spanish equivalent to the Grammy Awards.

In 2007, the Premios Amigo, which and were presented by the Asociación Fonográfica y Videográfica Española, held its last ceremony after being absent since 2003 due to an intern crisis within the Spanish music industry from 2004 to 2006.

In December 2019, taking advantage of the bright future of the Spanish music industry due to the adaptation of streaming services, a rise in urban music and a new tidal wave of artists and musicians, the Spanish Intellectual Rights Management Association (AGEDI) formed by the main record companies in the country, announced the creation of a new award ceremony.

In this new version of the awards, the winners are chosen in addition to their successes on the list, along with the votes of the public.

The different awards are divided into two parts, the Odeón Awards and the Premios Objetivo, the first are chosen from a cross between the public's votes on the web and the criteria of the organizing committee, the targets are chosen by each listening, each viewing, and each album purchased until the day of the gala.