2001 Latin Grammy Awards Canceled

The 2001 Latin Grammy Awards have been officially canceled. The event was scheduled for last Tuesday in Los Angeles but postponed following the terrorist attacks on New York and Washington, D.C. "Afte

The 2001 Latin Grammy Awards have been officially canceled. The event was scheduled for last Tuesday in Los Angeles but postponed following the terrorist attacks on New York and Washington, D.C. "After careful consideration and days of deliberations with our strategic partners, it is simply not practical nor advisable to attempt to reschedule a live, international event of this magnitude," Recording Academy president/CEO Michael Greene said in a statement.

"We at the Academies are all emotionally devastated, as is everyone, and are working as an organization to help deliver money, counseling, and other human services to those who have been most directly affected by these emotionally debilitating, world altering events. We are also very disappointed that we will not be able to give this year's deserving nominees their chance to show the world what we already know about them -- that they are world-class musical artists," Greene continued.

"We currently are determining the most meaningful and elegant way to award the winners their Latin Grammys and will be making an announcement regarding this very soon. We appreciate everyone's patience and support through this very difficult time," Greene said.

This year's ceremony had previously been moved from Miami after separate security concerns. As reported yesterday, labels are tallying unrecoupable losses from the cancellation -- in some cases in the hundreds of thousands of dollars -- compounded by prolonged hotel costs after artists and executives were stranded in Los Angeles following the attacks. Many marketing plans contingent upon Grammy wins or performances have been placed on hold, almost certainly affecting fourth-quarter sales.