Earlier today, the EBU has announced on a special TV show instead of Eurovision 2020 in the familiar format.

The new show, “Eurovision: Europe Shine A Light“, will be aired on Saturday 16 May at 21:00 CEST (the planned time for Eurovision 2020 Grand Final)
Europe! Shine A Light with us on 16 May💡🎊
We're excited to reveal our ideas for an alternative programme which will honour all the songs & artists of 2020🎉
And unite Europe in these difficult times👪
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Take a look👉 https://t.co/W3JI90hBrB #Eurovision pic.twitter.com/18QZv0G3fm— Eurovision Song Contest (@Eurovision) March 31, 2020
Well-known Eurovision artists from recent years will also be invited to participate in linking Europe through other familiar songs from the past.
The live show will approximately last 2 hours
Sietse Bakker, Executive Producer Event of Eurovision 2020 said:

“We want to make a show that puts a spotlight not only on the 41 artists that were due to appear in Rotterdam but also inspire those at home and connect people from across Europe and beyond in these difficult times. Of course, we will also honor those who are affected by the coronavirus crisis and those who work so hard to fight it. Let’s make this an unforgettable moment in Eurovision history!”
Meanwhile, The British broadcaster BBC has confirmed they will air another show – “Eurovision: Come Together” to be hosted by Graham Norton. It will include classical Eurovision performances from the past and showcase material from Eurovision 2020.
A special guest will be James Newman who should have represented the United Kingdom at Eurovision 2020.
