Update: UK's Love Parade is off

LONDON (AP) - The U.K. edition of the annual Love Parade, scheduled to take place Saturday in Newcastle upon Tyne, has been officially cancelled after Newcastle City Council failed to meet the conditions needed to secure an entertainment license for the event. BBC Radio 1, which organized Love Parade 2001, had set a Saturday evening deadline for the license's approval. Sonique, Fatboy Slim and Pete Tong were among the acts scheduled to perform. In a statement issued Saturday, Radio 1 controller Andy Parfitt expressed his sadness at the situation. "Although I recognize that extraordinary efforts have been made by the Council, I am still very disappointed that they have failed to meet their obligations under the license at this late stage," he said.