The Drama Award is an award given to recognize excellence in the theater industry. The two most prestigious awards are the Obie and the TONY. The Obie is an award presented by the American Theatre Wing and Village Voice since 1956. It is awarded to Off-Broadway productions and individual achievements. The TONY Award, also known as the Antoinette Perry Award, is presented by the American Theatre Wing and The Broadway League since 1947. It is awarded to Broadway productions and individual achievements.