Fans of the successful ongoing Avengers: Earth Mightiest Heroes TV Series are about to be disappointed. As my sources have confirmed to me, Jeph Loeb, the head of Marvel Animation studios, has cancelled the currently successful series in favor of a new Avengers Cartoon that will be produced by Marvel's newly acquired studio (MAS) and will be inline with and in the same universe as the currently airing Ultimate Spider-man cartoon.My sources have also added that not to expect an official announcement until the fall, as Marvel does not want ratings to drop for the second season of Avengers Earth Mightiest Heroes which has just started on April 1st and is being met with a tremendous positive response.Apparently, the initial plan of the new Avengers show consist of only self contained, standalone, episodes as opposed to story arcs, as Loeb has made it very clear that he dislikes TV show stories to run across several episodes. The new Show will be on air by Fall 2013.The Avengers Earth Mightiest heroes is currently one of the most successful series on Disney XD, and was met with very positive response from fans of all ages. Unfortunately, much like the great Spectacular Spider-man series, the show will be cancelled in favor of a new cartoon that seems to be addressed to younger children like the currently, not so positively met, Ultimate Spider-man.I found the following Jeph Loeb qoutes from 2 interviews regarding a 3rd season for Avengers EMH:: The animated AVENGERS is finished, right? There’s no season three currently in production.A second interview from Toonzone had the below quote:: In light how The Avengers: Earth's Mightiest Heroes started development before the Disney acquisition some years back and it was animated by another studio, will this be the final season of the show and will a new animated series be made instead?: So do you think the show will get a third season?Both the above quotes makes it clear that Marvel is committed to the Avengers franchise on TV but not avengers earth Mightiest heroes. Which is in line with our sources, as there will be avengers on TV but not Avengers Earth Mightiest Heroes.I have also contacted both Joshua Fine and Chris Yost, writers and producers of Avengers Earth Mightiest heroes, and both confirmed to us that they have not heard anything about a 3rd season.Any chances avengers EMH would get a 3rd season?I found the below comment from Jeph Loeb to www.collider.com where Jeph basically confirms that Ultimate spider-man will not have over reaching arcs like Avengers and that was his decision:It is also interesting to note that the second half of Avengers EMH season 2 will have only self contained episodes, since Jeph took control over marvel animation when only 13 episodes of season 2 we made, hence the second half of the season (the part under his helm) will contain only stand alone episodes.