A high-profile annual awards ceremony will have a new home on NBC after the network signed a multiyear deal with dick clark productions for the Billboard Music Awards.

“The 2018 telecast, with a date to be announced in the near future, will showcase the hottest musical acts, biggest performances, unexpected collaborations and buzzworthy pop culture moments that will have the world talking,” NBC said in today’s announcement.

Said Paul Telegdy, President, Alternative and Reality Group, NBC Entertainment: “We are thrilled to collaborate with the ‘Billboard Music Awards’ and dick clark productions to bring our mutual love of music and live programming together to showcase spectacular performances with the biggest names in music. The Billboard charts have long been the industry standard of greatness, making this show the #1 destination for music artists. We couldn’t imagine better partners than dcp, who we have teamed with on our Golden Globe telecasts for many years.”

Added Mike Mahan, President, dick clark productions: “Bringing together the ‘Billboard Music Awards’ and NBC is a perfect partnership. We believe that pairing NBC’s enormous music and TV platform with the authority and legacy of the ‘Billboard Music Awards’ will be an extraordinarily powerful combination. We couldn’t be more excited.”

“Billboard Music Awards finalists are based on key interactions with music fans, as well as album and digital songs sales, radio airplay, streaming, touring and social engagement, tracked by Billboard and its data partners, including Nielsen Music and Next Big Sound,” the announcement notes. “The awards are based on a 12-month reporting period. Since 1940, the Billboard charts have been the go-to guide for ranking the popularity of artists, songs and albums, and are the ultimate measure of success in music.”

The Billboard Music Awards are produced by dick clark productions, with Allen Shapiro, Mike Mahan, Mark Bracco, Barry Adelman and Robert Deaton as executive producers.