The Recording Academy and CBS have agreed a ten-year deal to continue airing the music ceremony, its nominations concert and new specials on CBS.
Recording Academy president and CEO Neil Portnow said: "We are so pleased to continue our longstanding partnership with our friends at CBS, which has grown beyond our signature Grammy Awards event.
"We have consistently collaborated to ensure that a dynamic, fresh and diverse live telecast is presented, and we are proud of the collective growth and results we have achieved. In recent years, we have worked diligently to develop new Grammy programming that celebrates music throughout the year and now, with many more nights of great music and television ahead of us, we look forward to continuing to expand our brand and partnership."
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CBS Entertainment president Nina Tassler said: "CBS and the Grammys continue to be a partnership of two great brands combining to create one of television's most celebrated nights. It is an event that has become an entertainment force in generating audience, social media conversation and music sales."
CBS Corporation president and CEO Leslie Moonves added that the "long-term structure of this deal will provide even greater continuity with marketing and sales opportunities for both organisations for an event that continues to grow in size and scope - both culturally and commercially".
Details of the newly-announced two-hour Grammy specials which will air on CBS will be announced at a later date.
This year's The Grammy Nominations Concert Live! - Countdown To Music's Biggest Night will air Wednesday, November 30.
The 54th Annual Grammy Awards will air live on Sunday, February 12, 2012, at Staples Centre in Los Angeles from 8pm ET/PT on CBS.
Lady GaGa and Lady Antebellum were the main winners at this year's broadcast, which also saw Muse, Bruno Mars, La Roux, Eminem and Esperanza Spalding taking home trophies.
Watch Lady GaGa's performance of 'Born This Way' at the Grammy Awards 2011 below: