MOBO awards founder Kanya King announced the news via Twitter, releasing a statement with plans to return “bigger and bolder” in 2019.
“We have provided a stage where stars are made and have managed to achieve this all while operating as an independent organisation,” the statement read. “Now it’s time for big change.”
The statement also announced that MOBO would be “announcing major partnerships as well as introducing a series of initiatives and events over the next 12 months in music, film and entrepreneurship.”
BBC also reports that the Mobo Help Musicians Fund will be expanded, distributing £40,000 to unsigned, independent musicians; and the organisation will also launch a film production company.
The news has caused shock to many as the award ceremony was due to take place in a couple months. Last year’s award ceremony took place at Leeds First Direct Arena on November 29.
The event, which celebrates “the best in British urban music and culture”, has been running consecutively every year since 1996.