Grammy Awards to air on CBS for another 10 years

(CBS) CBS and the Recording Academy have reached a new 10-year deal to keep the Grammy Awards airing on the network through 2021.

The deal also includes the annual "Grammy Nominations Concert Live" special, as well as a new two-hour special, details of which will be revealed at a later date.

Pictures: Grammy Awards 2011 red carpet
Pictures: Grammy Awards 2011 highlights
Pictures: Grammy Awards 2011 press room

Neil Portnow, President/CEO of The Recording Academy, praised the deal in a statement:

"We are so pleased to continue our longstanding partnership with our friends at CBS, which has grown beyond our signature GRAMMY Awards event. We have consistently collaborated to ensure that a dynamic, fresh and diverse live telecast is presented, and we are proud of the collective growth and results we have achieved. In recent years, we have worked diligently to develop new GRAMMY programming that celebrates music throughout the year and now, with many more nights of great music and television ahead of us, we look forward to continuing to expand our brand and partnership."

CBS President and CEO Leslie Moonves added:

"We are excited to be the home of the GRAMMYs for another decade and to continue our long and mutually beneficial partnership with The Recording Academy. The long-term structure of this deal will provide even greater continuity with marketing and sales opportunities for both organizations for an event that continues to grow in size and scope - both culturally and commercially."

The Grammys have been airing on CBS since 1973. The 54th Annual Grammy Awards will air on Feb. 12, 2012, and the nominations special will air on Nov. 30, 2011. Both will be broadcast live from Los Angeles.