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The Antoinette Perry Award for Excellence in Theater, more commonly known informally as the Tony Award, recognizes achievement in live Broadway theater. The awards are presented by the American Theater Wing and The Broadway League at an annual ceremony in New York City. The awards are given for Broadway productions and performances, and an award is given for regional theater. Several discretionary non-competitive awards are also given, including a Special Tony Award, the Tony Honors for Excellence in Theater, and the Isabelle Stevenson Award. The awards are named after Antoinette Perry, co-founder of the American Theater Wing. The rules for the Tony Awards are set forth in the official document "Rules and Regulations of The American Theater Wing's Tony Awards", which applies for that season only. The Tony Awards are considered the highest U.S. theater honor, the New York theater industry's equivalent to the Academy Awards (Oscars) for motion pictures, the Grammy Awards for music and the Emmy Awards for television, and the Laurence Olivier Award for theater in London, England.