"In response to so many of the Aussie fans' amazing efforts and the collecting of signatures of thousands -- our promoters, as well as our management team, worked incredibly hard to make an Australian tour a reality," NKOTB member Donnie Wahlberg said in an Internet posting this week.
"Despite warnings that the financial problems plaguing the world would compromise the Australian tour -- they never gave up on this dream and neither did we," Wahlberg added. "However -- I'm sorry to say that now -- it is true. We are not going to Australia. Like many of our fans Down Under -- we too are saddened. Australia has always, always, been one of our favorite places to travel to. And quite honestly -- we tried very hard to make it work. However, we are, in fact, in the middle of a worldwide recession and we just cannot make it work.
... We can only assure you that when the recession's stranglehold on the world's economies eases up a bit -- we will find a way to make this work. Thank you for understanding."
The Boston boy band broke up in 1994 and reunited last year to record a new album and tour.
2014: The Year in Music [PHOTOS]