Elton John's series of charity concerts in the United Kingdom with the Royal Academy of Music's orchestra and choir have raised £1.5 million ($2.74 million) for the academy.

Elton John's series of charity concerts in the United Kingdom with the Royal Academy of Music's orchestra and choir have raised £1.5 million ($2.74 million) for the academy.

John made the announcement at London's Royal Albert Hall on Sunday (July 4) during the sold-out final charity gala.

The veteran British pop artist also performanced at Birmingham's NEC Arena and London's Wembley Arena. The shows were presented by London-based concert promoter Marshall Arts.

John, who was a pupil at the academy in the 1960s, said that the fundraisers will help fund scholarships for four students each year.

After wrapping up the British tour, John and some of the Royal Academy musicians will fly to the United States for a series of dates at the Radio City Music Hall in New York on July 13-18. The benefit concerts will feature students from both the American Juilliard School and Britain's Royal Academy.

Another concert on July 16 will be recorded for future broadcasting on cable and satellite channel Bravo.

John’s new studio album "Peachtree Road," which was recorded in Atlanta, Georgia from January-March 2004, will be released November on Rocket/Universal. According to Universal Music, there are no plans to release the live recordings of the shows with the Royal Academy.

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