Midway through its second season, the World Series of Videogames, has been forced to shut down due to the lack of sponsorship.
Despite support from Intel, WSVG producer Games Media Properties stated, "the continuing challenges of securing adequate revenues to sustain the production of the WSVG's large scale events and television programming, in a very crowded field of competitive gaming leagues, has prompted us to re-evaluate our direction as an organization."
Games Media Properties will now focus on growing its online advertising network of websites, which reach seven million users each month.
Games Media Properties said it would refund the entry fee for all registered WSVG Los Angeles competitors and will pay the winners from its WSVG events once the requisite paperwork is completed.
Rick DeMott
Animation World Network
Creator of Rick's Flicks Picks
