Bob Dylan finally accepts Nobel Literature prize in Sweden

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Bob Dylan received his Nobel Prize "for having created new poetic expressions within the great American song tradition".

Asked by Swedish public broadcaster SVT if Dylan had received his Nobel diploma and medal Saturday afternoon, Academy member Horace Engdahl said: "Yes" without making any further comments. Per the Associated Press, Dylan's "small and intimate" hotel ceremony was only attended by a few members of the Swedish Academy and one member of Dylan's personal staff.

Ostergren added that the meeting went very well and characterized the "Blowin' in the Wind" singer as a very nice, kind man. Twelve members of the Academy were present.

Dylan has until July 10 to deliver a speech or lecture, lest he would lose his prize money worth 8 million kronor or roughly $891,000.

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Musician Bob Dylan onstage during the 17th Annual Critics' Choice Movie Awards held at The Hollywood Palladium on January 12, 2012 in Los Angeles, California.

However, Dylan must give a lecture within six months from December 10 in order to receive the award worth 8 million kronor ($894,800).

The 75-year-old troubadour is the first songwriter to win a Nobel Prize in Literature, joining the ranks of other laureates like Ernest Hemingway, Albert, Camus, Toni Morrison, Samuel Beckett, Alice Munro and Thomas Mann. Dylan said in a thank-you speech read out by the United States ambassador to Sweden during the December Nobel ceremony in Stockholm. "The day came to an end with Dylan's extraordinary performance at the Waterfront concert house".

Dylan's prize was announced on October 13 "for having created new poetic expressions within the great American song tradition".

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