The Championship Gaming Series has announced that they will be shutting down the league. After just two seasons, the multi-game league will be ceasing operations according to the following press release at www.thecgs.com:

Today BSkyB, STAR and DIRECTV ended their Championship Gaming Series® (CGS) joint venture.

While the concept was ahead of its time and we are extremely proud of what we’ve accomplished, it became increasingly clear as this ambitious project evolved, that profitability was too far in the future for us to sustain operations in the interim.

Our goal was to be ahead of the curve in the e-sports space, and conceived of CGS as a true sports league. We invested wholeheartedly in the venture and presented viewers with a top-notch production, but the economics just didn’t add up for us at this time.

Our only regret is that we will lose a team of creative and talented individuals who invested their hearts and souls into Championship Gaming Series. We recognize their achievements and thank them for their hard work and passion.

BSkyB, STAR and DIRECTV continue to be committed to the video games sector, which is an important part of many of our customers’ lives and a great source of entertainment.

Stay tuned to GotFrag for more information about the demise of the Championship Gaming Series.