The International Federation of the Phonographic Industry has postponed the 5th IFPI Platinum Europe Award to avoid a conflict in schedules with Bob Geldof's July 2 Live 8 concerts. The IFPI event was

The International Federation of the Phonographic Industry has postponed the 5th IFPI Platinum Europe Award to avoid a conflict in schedules with Bob Geldof's July 2 Live 8 concerts. The IFPI event was due to take place in Brussels on July 12.

“The (Live 8) concerts have meant that artists have had to re-arrange their schedules at short notice,” says the IFPI in a statement. “The Platinum organizing committee therefore took the decision to postpone the awards ceremony to avoid any possible conflicting demands on artists' time."

The IFPI says that the committee, chaired by EMI Continental Europe chairman/CEO Jean-Francois Cecillon, will "meet again in the near future to discuss plans for a re-scheduled event." No other details were given as to the time-frame for the re-scheduling.

The IFPI Platinum Europe Award is a biennial event celebrating artists whose recordings have shifted more than one million units in Europe. The prestigious gala was due to be hosted by Irish pop singer Ronan Keating in the presence of top officials from the European Commission and members of the European Parliament.