Edinburgh's Christmas market fiasco has exposed "significant issues" around how the council awards and manages contracts, councillors have said following an emergency meeting to save the festival.
The capital's popular winter attractions will still go ahead despite plans being thrown in to chaos in recent weeks by the organiser's decision to walk away.
The council said Angel Event Experience (AEE) asked to be released from the £5.5m contract when it became apparent they were unable to follow through with a commitment to bring in some new Christmas attractions - including a zip wire on George Street.