The Grammy Awards Show has been a television institution which honors the contributions of musicians of all genres for over fifty years. The first production was made in 1959 to honor the previous year's artists. However, the first live telecast of the program did not occur until 1971, when it was aired on ABC. The awards themselves came into existence when organizers for the Hollywood Walk of Fame realized that there were an inordinately large number of people in the recording industry that would qualify for a star on the Walk of Fame. This inspired the music industry's head honchos to create their own analog to the television industry's Oscars and the movie industry's Emmys. Originally, the awards would have been called the Eddie, in reference to Thomas Edison; however, the group decided to call the award the Grammy after a gramophone (which is also the shape of the award given).