Wow. Last we heard, the WSVG was going gangbusters. They had events appearing on CBS, they were working with Blizzard to make Arena PvP huge, and their president was extremely optimistic about the future of professional videogaming.
But earlier this afternoon, the World Series of Videogames shut its doors, and announced that all of their future events are cancelled. In their notice, they cite the "challenge of securing adequate revenues" to keep up their big events (they had tourneys planned in LA, London, and Sweden yet this year). Games Media Properties, WSVG's parent company, says they will continue to grow the "online advertising network" of websites-- which sites these are, we're not sure.
Again, wow. GotFrag has already talked to Pandemic about the closing, and they say they're going to go into a "waiting game" as regards to professional Arena PvP, and that they're "deeply disappointed" in WSVG's "inability to finish out the season." They, too, had no idea this was coming. Will someone else step up into the WSVG's place in professional gaming promotion? Blizzard was doing a lot of work directly with the WSVG in terms of presentation, and while it's hard to say this will be the end of professional Arena PvP, there's no question this will have a major effect on professional gaming at large. The World Series of Videogames as we know it is no more.
Update: Curse has more, including players calling it "a huge blow to WoW professional gaming."