Simplify the following text for a Grade 7 native English-speaking person.
Original: The Emmy Award , often referred to simply as the Emmy , is a television production award , similar in nature to the Peabody Awards but more focused on entertainment , and is considered the television equivalent to the Academy Awards ( for film ) , Grammy Awards ( for music ) .
Simplified: The Emmy Awards are United States television production awards which are given out each year . They are the television version of the Academy Awards .