The award event is held annually to honour the outstanding artists of the malayalam film industry. The titled sponsor of 2016 Asianet film awards is Nirapara.
After the award ceremony, the show will be telecast on Asianet and hotstar. Spread across 31 categories, the event is one of the most watched Award ceremonies in malayalam television.
Previous year, Mammootty was awarded the Best Actor award, while Manju Warrier won the Best Actress award.