Their best-known track, particularly in North America, is Virtual Insanity, which won four awards at the 1997 MTV Video Music Awards as well as a Grammy Award for Best Pop Performance by a Duo or Group with Vocals at the 40th Annual Grammy Awards.
Anyway, the answer is divinely simple. Contemporary just means art that has been and continues to be created during our lifetimes.. In other words, contemporary to us.
Modern is applied to those things that exist in the present age, especially in contrast to those of a former age or an age long past; hence the word sometimes has the connotation of up-to-date and, thus, good: modern ideas.