Goobergunch writes "The official site for the World Series of Videogames is now indicating that the WSVG, including planned events in Los Angeles, London and Sweden, has been cancelled. The WSVG included competitions for Guitar Hero II, Quake 4, World of Warcraft Arena, as well as Counter-Strike and Warcraft III. From the announcement: '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. Unfortunately, the decision is to cancel the remainder of the WSVG season, as we shift our focus solely to growing our online advertising network of websites, which currently reach seven million users each month. '"
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