Telemundo and Billboard Magazine, along with dick clark prods have inked a four-year extension of the agreement to produce the Billboard Latin Music Awards show through 2020. In addition, Telemundo and dcp will team up in 2015 to produce a new Spanish-language music awards show modeled on the successful American Music Awards show.

“We are pleased to extend our relationship with Billboard to continue producing one of the most respected music award shows in the business,” said Joe Uva, Chairman, NBCUniversal Hispanic Enterprises and Content. “In addition to strengthening the great partnership we have with the Billboard team, we are looking forward to working with industry-leaders dick clark productions to develop and produce a new music show for next year.”

“Telemundo has had proven success with the live broadcast of the Billboard Latin Music Awards,” said Mike Mahan, President of dick clark productions. “Their knowledge, passion and reach make them ideal partners to launch a new music show based on the iconic American Music Awards”.

The Billboard Latin Music Awards are the longest-running and most prestigious Latin music awards show on television, and have celebrated all genres of Latin music for more than 25 years.