OTTAWA (Reuters) - Popular Canadian band the Barenaked Ladies has pulled out of a children's charity show organized by Walt Disney Co after lead singer Steven Page was charged with possessing cocaine, the band said in a statement posted on its website on Friday.

The five-man band had been due to play at the Long Island, New York, show -- the Disney Music Block Party -- late next month.

"Members of the band completely support Steven Page but we don't want to put Disney in an awkward position before issues involving Steven's arrest are resolved," group manager Terry McBride said in the statement.

Page, was arrested last Friday in Fayetteville, New York, and charged with possession of a controlled substance.

The band is best known for hit songs such as "One Week," "Pinch Me," and "If I Had a Million Dollars."

(Reporting by David Ljunggren; Editing by Peter Galloway)

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