The Golden Globes ceremony has been cancelled and replaced with a news conference because of the strike by writers over royalties, reports BBC.
The winners of the US TV and film awards, regarded as second in prestige only to the Oscars, will instead be revealed in a low-key, hour-long news conference next Sunday.
Actors, including George Clooney and Keira Knightley had vowed to boycott the event in support of writers, according to reports. Without top names, networks had threatened not to screen the event.
Jorge Camara of the Hollywood Foreign Press Association said, "We are all very disappointed that our traditional awards ceremony will not take place this year and that millions of viewers worldwide will be deprived of seeing many of their favourite stars."
Meanwhile, Oscars organisers say they are confident they will be able to "do the kind of show the public expects of us" on 24 February.
The Writers Guild of America (WGA) has been on strike since November over "residuals" - royalties for work distributed online or on DVD.
The dispute has brought to a standstill the production of nearly all TV comedy and drama shows including Ugly Betty and Grey's Anatomy.
Partial Source: BBC Image Source