The BBC is pulling the plug on its Electric Proms concert series as it strives to make further budget cutbacks.
Over its five-year run, the event has featured headline shows by acts such as Kasabian, Sir Paul McCartney and Oasis.
But the 2010 series - which had shows by Sir Elton John and Neil Diamond - saw the number of concerts scaled back and shows became focused on the Radio 2 audience. They had previously been spread across the networks.
The BBC said last year's event was the final one.
Radio 2 controller Bob Shennan said he was "disappointed" the shows had come to an end but added that the station could achieve the same impact in other ways.
He added: "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."
The shows were designed as a contemporary alternative to the classical Proms, putting well-known and up-and-coming artists into new situations, with a number of one-off collaborations.
These included Oasis's collaboration with the Crouch End Festival Chorus and Doves performance with the London Bulgarian Choir.