E3 just wasn't as impactful as before due to youtube and social media, besides, E3 lost alot along the way including booth babes. Currently it makes no sense going through all that trouble paying for travelling, hotels, cameramen, lighting, stage production and the whole nine yards, when most gamers will be watching on Twitch or Youtube anyway...Eh, E3 is dead. These “direct” style presentations aren’t designed to make a trade show appearance, cheaper to do, and straight to your phone… and most importantly… when things are ready to show.
I don’t blame anyone for skipping trade shows anymore. GDC is different as it’s also a hiring expo.