The World Series of Video Games unfortunately was owned and operated by noobs. Yes, Games Media Properties, the company that ran the WSVG has officially cancelled the remainder of the 2007 stops of the tour. The cancelled stops include Los Angeles, London, and Sweden.

They made the following statement regarding the cancellation: "The World Series of Video Games launched with the goal of expanding interest and participation in competitive gaming. Over the course of two seasons, we have been honored by the strong support the community has shown in attending our festivals, and watching our competitions online and on television-- all in record-setting numbers. We have been grateful for the generous support provided by Intel and other sponsors since our inception.

However, 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."

I don't exactly understand. If they had "record-setting" live, online, and television participation in their event how exactly did they manage to go under again?