Hope all those braindead contrarians who wanted E3 dead are happy now with all these shitty company streams and Directs.
It's the inevitable cycle.
In a few years time some publishers will band together to organize a groundbreaking 'Live Play' event, where people can go to a location to watch video game announcements and play new video games.
I've seen the E3 floor space pricing though and that was just insane. I understand why publishers decided not to spend that money and why it always seemed like only the big publishers were willing to display their wares at E3.
That is also why in the final few editions companies like Nintendo and Sony had those multi-level booths, with gameplay spaces on the ground level and meeting spaces stacked on top of their booths.
It was cheaper to design and build a multi-level booth than it was to rent more (office) space at E3. Some companies also moved the business side of things to other buildings and hotels in the area.
The big problem with E3 was always the costs while the ESA and other organizers made a lot of money. I think that's also why Geoff cut ties with them. E3 was just a cash cow.