For the fourth consecutive year Mega Channel and IFPI organised the Arion Music Awards. The event took place in the Megaron Athens Music Hall and was hosted by Nikos Aliagas. Many Eurovision Song Contest related artists were awarded a prize for their achievements.

Last year's Eurovision Song Contest winner Ruslana had the best selling foreign single of the past year with her winning entry Wild dances. Sakis Rouvas, who finished third in Istanbul, scored the best selling Greek single with Shake it.

The Cypriot representative of 1998, Michalis Hadjiyiannis, was the big winner of the night, running away with no less than five Arion awards: Album of the year, Pop album of the year (both for his album Akatalili skini), Best pop male singer of the year, Best artistic male singer of the year and Best pop song for the song Gia �sena.

Giorgos Thefanous, composer of several Cypriot entries (1992, 1994, 2002), received the award for the Best popular song with Eho mia agapi. Anna Vissi (Greece 1980, Cyprus 1982) made the best video clip of the year. Peggy Zina, runner-up in the 2002 Greek Eurovision Song Contest selections was the Best popular female singer of the year.

To end with, this year's Greek hope Helena Paparizou won the award for Best pop female singer of the year. Helena, present at the awards show, performed her Eurovision entry My number one. Helena Paparizou will represent Greece on the final of the 2005 Eurovision Song Contest on 21st May in Kyiv.