UPDATE: In a strangely prompt turn of events, it looks like Nintendo has reversed its decision to block the stream. What an eventful evening.
ORIGINAL STORY BELOW
If fans wanted to see the game smash its way to the event, all they had to do was support it by donating some cash towards the Breast Cancer Research Foundation. Super Smash Bros. Melee came out on top, raising almost $95,000; and was on its way to the fighting game tournament.
However, in a controversial move which has angered quite a number of fans, Shoryuken has reported that Nintendo of America has refused permission for the game to be broadcast in the stream schedule this weekend. In its place will be Persona 4 Arena and King of Fighters XIII.
It's unknown why Nintendo denied permission for the live streaming of the game, though it may have something to do with the company putting a stop to Youtube users monetizing 'Let's Play' videos. In saying that, it did perform a slight U-turn on the topic; for now at least.
We've reached out to Nintendo for comment, and will post updates as and when we receive them.