Entertainment award for band with trauma (5)

I believe the answer is:

oscar

I'm a little stuck... Click here to teach me more about this clue!

'entertainment award' is the definition.
'oscar' can be an answer for 'award' (Academy Award). I'm not certain of the 'entertainment' bit.

'band with trauma' is the wordplay.
'band' becomes 'o' (I've seen this in other clues).
'with' is a charade indicator (letters next to each other).
'trauma' becomes 'scar'.
'o'+'scar'='OSCAR'

'for' acts as a link.

Can you help me to learn more?

(Other definitions for oscar that I've seen before include "Wildean film award?" , "Statuette awarded by Hollywood Academy" , "Librettist Hammerstein, d. 1960" , "Title of Hollywood Academy award" , "One close to Mike" .)

I've seen this clue in the Sydney Morning Herald.

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