Must be something in the water this year: Another award event has been cancelled (following the Korea Film Awards earlier this winter) with the Director’s Cut Awards announcing that it’ll be skipping what would’ve been its 14th annual event.

The Director’s Cut would’ve been the last film awards doled out in 2011, although they won’t be the last of this award cycle (Baeksangs come in spring). The only reason given for this decision, according to a source with the organization running the ceremony, the Korea Film Directors Network, is “internal issues.” Hmm, I’m putting my money on…well, money, as the culprit, which was also a big factor in the Korea Film Awards cancellation.

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