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It’s called Music’s Biggest Night. Each year, the GRAMMYs award the best in music as deemed by The Recording Academy. Winning artists walk away with a golden statuette of a gramophone and often a lot more. So, does a GRAMMY win translate into a big payday for an artist? What other opportunities might arise with a win? And can a GRAMMY be a turning point in an artist’s career? This is Billboard Explains: What a GRAMMY Means to an Artist.