The Billboard Music Award is an honor given out annually by Billboard, a publication and music popularity chart covering the music business. The Billboard Music Awards show had been held annually since 1990 and the event was formerly held in December until it went dormant in 2006. The awards returned in 2011 and are now held annually in May as the third of the Big Three major music awards (among the American Music Awards in the Fall, and the Grammy Awards in the Winter). Since its inception (created by Rick Garson, Paul Flattery & Jim Yukich), the BMAs had been telecast on the Fox network; however due to contractual expirations and other unforeseen circumstances, the awards were cancelled for 2007. Plans for a new version of the awards in 2008 (in association with AEG Live) fell through, and the BMAs were not held until 2011. On February 17, 2011, Billboard announced that it would bring the BMAs back to television, moving from its original home on Fox to its new network, ABC, on May 22, 2011. A new award statuette was created by New York firm Society Awards. Dick Clark Productions, which is co-owned with Billboard, began producing the ceremony in 2014. On November 28, 2017, it was announced that the Billboard Music Awards would be moving from ABC to NBC beginning in 2018 under a multi-year contract.