Confirming recent repots, IGN has finally made an official statement about the cancellaton of IPL 6, the upcoming e-Sports event at the end of the month.

The reasoning for axing the event? The company isn't in a position to commit the resources required to run another major independent event. Seeing as how IGN's parent company just shut down two websites, this doesn't come as much of a shock. 

There's also no word about future events, but it sounds like IPL might be done. 

Source: IGN