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It is announced that Bob Dylan is to be the recipient of this year's prestigious Polar Music Prize, bestowed by The Royal Swedish Academy of Music.
A warrant is issued for the arrest of rapper Ol’ Dirty Bastard of Wu-Tang Clan, relating to cocaine charges.
Sarah McLachlan, singer-songwriter and founder of the internationally successful all-female Lilith Fair Tours, is awarded The Order of Canada.
A 4.5% drop in sales of country albums in the USA, to 72.5 million in 1998 to 69.3 is revealed in the year-end SoundScan totals.