The UK Music Hall Of Fame - which currently includes Led Zeppelin, Jimi Hendrix, Bob Dylan and The Beatles - is to be axed.
The yearly ceremony was started in 2004 by Channel Four, but last year no-one was inducted because of funding problems.
Music legends including John Peel, Elvis Presley and The Rolling Stones have become members since its launch.
However, The Sun reports that Channel Four are now shutting the doors on the Hall Of Fame for good.
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