The gig which was supposed to be held next year has been scrapped because its main sponsor pulled off their financial support and the organizer has gone into liquidation.
Michael Jackson tribute concert which was originally planned to be held in September but then re-scheduled for summer 2010 has been called off. The gig was canceled after the event organizer World Awards Media closed down and went into liquidation.
Furthermore, liquidator Martin Schneider explained the main sponsor had decided to pull off their financial support. "The company cannot sign any new contracts and will certainly not plan any new events," he told Reuters.
The concert was actually initiated by Michael's brother Jermaine Jackson. Now that it got no sponsor, there is no word whether or not Jermaine will conduct the gig on his own.
Back in September, it was announced that Michael Jackson tribute concert was moved from Vienna to London and postponed to 2010 after organizer struggled to get stars to perform at short notice. At that time, the likes of Mary J. Blige, Chris Brown and Natalie Cole said they couldn't perform at the gig due to scheduling conflicts.
When it was decided to be delayed, organizer blamed the media for stirring up a negative atmosphere, saying they treated the line-up as "B-List" artists and sullied the memory of Michael.