Having celebrated its 10th anniversary last year, the organisers behind the Meteor Ireland Music Awards have decided not to go ahead with the awards in 2011.

According to the official statement:

After 10 great rockin' years, capturing thousands of music memories and raising over €1 million for charities, the organisers of The Meteor Ireland Music Awards have decided to take a break, and not produce a show this year.

Since their inception in 2001, the Meteors have become synonymous with music in Ireland and have celebrated the best of Irish and international music, as well as recognising up and coming home-grown talent. The awards have seen performances from some of the biggest names in the global music industry including Muse, Elton John, Snoop Dog, The Script, Dizee Rascal, Kaiser Chiefs, Westlife, Boyzone, Tom Jones, Amy Winehouse and countless others.

We wish to take this opportunity to thank all those who have participated in anyway over the past 10 years.

It is still unclear whether the awards will return in 2012.

January's already shaping up to be quite the depressing month, following the recent news that HMV are set to shut 60 UK branches over the next twelve months, as well as this morning's announcement that the Dun Laoghaire Festival of World Cultureswill not go ahead in 2011 either.