MTV has cancelled its planned inaugural ball, and will instead broadcast live from the official Obama youth ball on inauguration night.

The MTV special, “Be the Change: Live from the Inaugural,” will feature live footage of Obama’s remarks at the Youth Inaugural Ball, as well as musical performances from that event.

Be the Change will run simultaneously on all American MTV networks at 10pm Eastern time on Tuesday, January 20, and will be made available to all of MTV’s affiliates worldwide as well.

January 17 Update: Turns out MTV paid the inaugural committee more than half a million bucks for the exclusive rights to Youth Ball footage.

January 21 Update: Obama’s remarks at the youth inaugural can be seen here.