The Mercury Prize, formerly called the Mercury Music Prize, is an annual music prize awarded for the best album from the United Kingdom and Ireland. It was established by the British Phonographic Industry and British Association of Record Dealers in 1992 as an alternative to the Brit Awards.

Any album released by a British artist, or by a band where over 50% of the members are British, may be submitted for consideration by their record label. The shortlist is chosen by an independent panel of musicians, music presenters, music producers, music journalists, festival organisers and other figures in the music industry in the UK and Ireland. The prize is open to all types of music, including pop, rock, folk, urban, grime, dance, jazz, blues, electronica and classical.

The first winners were Primal Scream with their album Screamadelica in 1992. Primal Scream are a British rock band originally formed in 1982 in Glasgow by Bobby Gillespie (vocals) and Jim Beattie. Screamadelica was their third studio album. It was their first to be a commercial success. It was released on 23 September 1991 in the UK by Creation Records, and 8 October 1991 in North America by Sire Records. Screamadelica peaked at #8 on the UK Albums Chart upon its initial release. The album received positive reviews and has been frequently named one of the best albums of the 1990s in critics' polls.

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