The award has been given annually since 1974, and was previously called Most Promising Group of the Year (1974–1993), Best New Group (1994–2002), and New Group of the Year (2003–2012).
Priset har funnits sedan 1974, men under andra namn: Most Promising Group of the Year (1974–1993), Best New Group (1994–2002), och New Group of the Year (2003–2012).