The announcement means Leeds and Sheffield have missed out on the chance to stage the competition.
Glasgow was a bookies' favourite from the off, with its OVO Hydro venue having a capacity of 14,300.
The home of The Beatles has a rich musical history that attracts thousands of international visitors every year. Its past major events have included the MTV Europe Music Awards in 2008. "We were incredibly impressed by the quality and creativity of all the city bids in what was a highly competitive field.
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