The Latin Grammys have always been held in the United States since its inception in 2000. Mostly held in Sin City Las Vegas, the show has also moved to Florida, Texas, Los Angeles, and New York a few times. Over the years, the show has been moving between the Michelob Ultra Arena, the MGM Grand Garden Arena, and the T-Mobile Arena in Las Vegas.

Ever since rumors that the annual music show will be held outside the country have come about, but it was only this time that the idea seemed to be fully cemented,

Per Billboard, the Latin Academy of Recording Arts and Sciences and the board of Andalucia convened and revealed that there would be a three-year sponsorship deal between the two entities.

It includes hosting the Latin Grammys and two concerts in 2023 and two more in the years that come after.

However, according to the press conference, an official release will be given out soon once the Academy has finalized all the details about the said relocation.

Based on the news, the board is considering Seville to be the location where the 24th Annual Latin GRAMMY Awards will be held. Seville is the capital and largest city of the Spanish autonomous community of Andalusia and the province of Seville.

"We are still working through the logistics with our partners TelevisaUnivision," they said in a statement. We will share additional details about the date and location of the next Latin GRAMMYs soon."

Besides the sponsorship deal that was mentioned, Billboard pointed out the details of why the Latin Grammys was moved outside the country, apparently because of "economic incentives."

According to the meeting, moving the Latin Grammys and events to the Andalusia region will bring forth a significant economic impact on the area - amassing an estimated 500 million euros.

Meanwhile, the Latin Grammy Awards will still be broadcasted on the Univision Network, the publication confirms.

Last year, Rosalia's "MOTOMAMI" won Album of the Year," as Jorge Drexler & C. Tangana swept the Record of the year and Song of the Year Awards with their hit song "Tocarte." They also made history by awarding the oldest Best New Artist awardee in the history of the Latin Academy with ángela álvarez, coupled with Silvana Estrada.

Jorge Drexler took home the most number of Grammys that night with six, while Bad Bunny was the most nominated artist of the night with ten.

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