SEAN 'DIDDY' COMBS and Emilio Estefan's launch party for their new record label Bad Boy Latino was one of the events cancelled last night (25AUG05) as party planners in Miami Beach, Florida prepared for tropical storm Katrina.

The music moguls had planned a lavish party at the beach city's Doubletree Surfcomber Hotel, but organisers cancelled all events scheduled last night over fears they would be washed out.

The storm is now threatening to become a hurricane later today (26AUG05), leaving organisers of pre-MTV Video Music Awards parties considering abandoning all events until late on Saturday (27AUG05).

A concert by singer/songwriter Donato Poveda tonight (26AUG05) has already been rescheduled until September (05), but, for now, both Ricky Martin's album launch party tonight and the awards on Sunday at the American Airlines Arena are still on.