London, May 22 : Legendary rock band Pink Floyd has been honoured with the 2008 Polar Music Prize in Sweden.
The award, given each year by the Royal Swedish Academy of Music, is the country's biggest music prize, reports Scotsman.
It was founded in 1989 by Stig Anderson, manager of Swedish pop group ABBA.
According to the prize committee, Pink Floyd, founded in 1960s, had made a 'monumental contribution' to the development of popular culture.
"They captured the mood and spirit of a whole generation," the committee added.
Recently, it emerged that the British band are all set to reunite for a charity gig. Drummer Nick Mason confirmed the band's reunion and said that they just had to find the right cause to support.
Pink Floyd fell out in the Eighties over who owned the band's name.