RIP World Cyber Games, a pro gaming league

The World Cyber Games professional gaming league will close up shop after being founded in 2000, despite being the largest global electronic sport tournament. WCG officials sent an e-mail that said no tournaments will be hosted in 2014, as the group declined in quality and frequency over the past few years.

"There are many great moments based on your dedication," said Brad Lee, WCG CEO, in a statement to partners. "Although the brand has disappeared but WCG spirit will remain forever in the hearts of each player and fans. This moment is very difficult and painful for me. However, I must say good bye to the WCG."

Both PC and console gaming remain popular, but the lure for companies to jump into professional gaming, especially if trying to broadcast it, is difficult because they likely don't anticipate immediate return-on-investment. Instead, the WCG continued to host appealing events that largely flew under the radar to casual gamers and even most of the hardcore gaming community.