Much ado about Eheads

All's well that ends well!

Finally, Philip Morris has pulled out its sponsorship of the Eraserheads concert. Woohoo!

Here's the news from ABS-CBNnews.com:

Philip Morris backs out of Eraserheads reunion concert

Philip Morris announced Wednesday that it had backed out of its sponsorship of the much-awaited, one-night-only Eraserheads reunion concert on Saturday.

In a press statement, Dave Gomez, Philip Morris Phils. Manufacturing Inc. public affairs and communication manager, said Radiohead Media Solutions Inc. "has agreed to take over as promoter of the Eraserheads reunion concernt."

"We made the decision to withdraw as promoter and will have no involvement at all in this reunion concert. We wish the Eraserheads and Radiohead Media Solutions Inc. all the best," Gomez said.

Radiohead Media Solutions Inc. subsequently announced that it had acquired the Eraserheads reunion concert rights and that it will go on as scheduled on Saturday, August 30, at the Bonifacio Global City open field.(Read full story)