Electric Proms cancelled by BBC
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The BBC has axed its annual Electric Proms season after five years, citing financial considerations.
Radio 2 controller Bob Shennan said it could be achieved "in an alternative, more cost-effective way".
Sir Elton John, Robert Plant and Neil Diamond were among the artists who took part in the 2010 event.
Jeff Smith, head of music at Radio 2, said the the station would "replicate the spirit of Electric Proms within the live music schedule".
Sir Paul McCartney, Dame Shirley Bassey, Oasis and Robbie Williams are among others who have performed at the event during its five-year history.
Since its inception in 2006, the October event had taken place at the Roundhouse and other venues in Camden, north London.
Mr Shennan said he was "disappointed" the Electric Proms was finishing but remained "very proud of its fantastically rewarding run".
Marcus Davey, the Roundhouse's artistic director, called the decision "sad" but said he hoped the venue would develop other projects with the BBC "in due course".
The BBC have announced they are to axe annual music festival  from their schedule for financial reasons. The festival first took place in October 2006. The 2011 event will not go ahead, with last year's festival being the last.

, controller of BBC Radio 2, said he was "disappointed" with the decision to cancel the festival. He said "In the current climate, we are faced with making difficult decisions, including how best to deliver high-quality live music programming throughout the year in light of continuing efficiency savings. I feel that Radio 2 can achieve the same impact of the Electric Proms in an alternative, more cost-effective way. I'm disappointed that the lifetime of Electric Proms has come to an end, but very proud of its fantastically rewarding run of creating new moments in music for the past five years."

During the festival's five year run it has featured performances from stars such as Elton John, , and .

The decision to axe the festival comes at a time when the BBC are planning a 20% savings cut. Last week BBC director general  announced 650 job losses after dropping five languages from the .