The award ceremony is certainly not what mathematicians are used to, and there are certainly many things that one can say for and against such monstrous awards and the ambience around.
In any case, if you‘d like to see the ceremony, the math part starts at 1:22:30.
The breakthrough prize for 2018 was given to Christopher Hacon and James McKernan for their contributions to the birational classification of higher-dimensional algebraic varieties.
The New Horizons Prizes went to Aaron Naber, Maryna Viazovska, Zhiwei Yun and Wei Zhang.