Sara Danius

Swedish scholar Sara Danius stepped down Feb. 26 from the academy that awards the Nobel literature prize, almost a year after she quit as its permanent secretary amid a sex scandal unveiled by the #MeToo movement.

(CNN) - This year's Nobel Prize in Literature has been postponed in the wake of a sexual and financial scandal that has engulfed the Swedish Academy, the cultural institution responsible for awarding the prestigious prize.

Bob Dylan has completed his Nobel course requirements. The Swedish Academy announced on June 5 that it has received the mandatory lecture from the 2016 literature winner, enabling Dylan to collect 8 million Swedish kronor ($922,000) in prize money. 

After months of uncertainty and controversy, Bob Dylan finally accepted the 2016 Nobel Prize for Literature at a jovial, champagne-laced ceremony on April 1, the Swedish Academy announced.

The American singer was awarded the prize in October but failed to travel to pick up the award, or deliver the lecture that is required to receive the 8m kroner ($900,000;£727,000) prize.

The academy said it would meet Dylan, 75, in private in the Swedish capital, where he is giving two concerts.

He will not lecture in person but is expected to send a taped version.

Robert Allen Zimmerman was born in Duluth, Minnesota, in 1941. The balladeer, artist and actor who took his stage name from the poet Dylan Thomas – had long been tipped as a potential prize recipient.

Bob Dylan has been awarded the Nobel Prize for Literature for 2016, announced Reuters.

The Swedish academy awarded the prize to the singer for "the creation of a new poetic language in the American song tradition."

With this prize, the 75-year old rock musician has been officially recognised as a poet.

American music legend Bob Dylan on Oct. 13 won the Nobel Literature Prize, the first songwriter to win the prestigious award and an announcement that stunned prize watchers.