AceShowbiz -

Madonna decided to cancel a series of tour dates in Australia, according to Sydney Sunday newspaper, The Daily Telegraph. The gigs pulling-off reportedly happened because of current global crisis which resulted on the high-price tickets people can't afford to buy.

A source said as quoted by the publication, "It got as close as anything ever gets. Madonna was coming to Australia, the dates were resolved, then economics got in the way." In line with the source's statement, local promoter Michael Coppel stated, "Everyone is feeling their way. The risk level has gone up substantially."

Beside Madonna, Neil Diamond, Paul McCartney, Eagles, Green Day, and Metallica also scrapped their Aussie tour dates due to the economic crisis. "It's unknown territory at the moment. A lot of tours went on sale before the dollar crashed. We are only starting to see the affect of the economy on the tour industry," promoter Michael Chugg explained.

Madonna has wrapped up her "Sticky & Sweet" tour on November 26 at Miami's Dolphin Stadium. From the 28-date roadshow, kicked off on August 23 at Cardiff's Millennium Stadium, she earned a total of $91.5 million profit with over $207 million in ticket sales.