| 05 March 2010
LOS ANGELES - The LA Riots III tournament has been postponed indefinitely. The word came from Gootecks earlier tonight, who said a situation that came up at the last moment that they had no control over.
The tournament was supposed to take place Saturday at 1 p.m. and be shown at TheStream.tv studios on the Miracle Mile.
Gootecks said he'll make an official announcement sometime in the next 24 hours.
UPDATE: Brian Gramo at TheStream.tv made an announcement earlier tonight that TheStream.tv will be shutting down production, thus the reason for the postponement of the tournament.
LG15 has more from their site:
Evo energy drink had been sponsoring the network; however, the company decided to end its sponsorship prompting Gramo to layoff the Stream’s employees and shut down production. Gramo intends to marshal the existing resources and any future donations towards revamping the Stream’s studio. The plan is to equip the studio with professional grad equipment then rent it out during the day as a way of supporting the Stream’s nighttime slate of original programming.
