Pachter: E3 to become extinct soon |
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Wedbush Morgan Analyst Michael Pachter thinks that E3 is "heading for extinction soon". That is, if the guys at the Entertainment Software Association (ESA) don't change the format of the event soon.This observation was based on the number of video game company executives who weren't very impressed with the way E3 was handled, with some even considering not attending any future events if it goes on this way.
To give you an example, Electronic Arts CEO John Riccitiello said that "I hate E3 like this." He further added, "Either we need to go back to the old E3, or we'll have to have our own private events."
Ubisoft's American President Laurent Detoc shared the same sentiment regarding the event saying that, "E3 this year is terrible. The world used to come to E3. Now it's like a pipe-fitters show in the basement."
Pachter pointed out that E3's success in the past was due to the fact that it was able to address the needs of the core constituents of the industry, namely, media, retail, investors, and consumers. Something that the ESA didn't do since the changes made last year:
By choosing to eliminate any potential for a consumer element to the show, the ESA chased away much of the television media. By scheduling the show two months later than in the past, retailers stayed away. By scheduling the show during the calendar quarter financial quiet period, only limited access was provided for buy and sell side analysts.
He further added that while the ESA sees the problems, the organization is "hamstrung by some of its more influential members, who appear to be pettily reluctant to spend money in order to showcase the industry."
So what can the ESA do to return E3 to its former glory? Well, for one thing, Pachter noted that going back to the traditional 60,000 attendees may be a bit too unmanageable while the new 3,000 to 5,000 person shows are a "terrible disappointment." So, the target number should be somewhere in the middle. As for the added cost of running an event this huge, here's a pretty good justification:
We believe that the lower costs for the show were more than offset by the loss of millions of dollars of free publicity, and are hopeful that the ESA restores the audience to a manageable, but spectacular size.
We can't help but think back at the people who said that they wanted E3 to be a more intimate event. Well, now you've got an intimate event, and guess what? A lot of people think it sucks.
Related Articles:
- Pachter: E3 is virtually useless for retail and investors
- Ubisoft: time and place for E3 not appropriate, needs to be bigger
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Comments [refresh]
Its all the same to be. I can't go.. What the hell do I care?
Nothing is being announced at the show. The whole thing just seems useless. Its nothing but a chance to disappoint. Big titles and announcements cannot and will not wait for a day and date specified by a third party.
The days of E3 and shows like it are long gone. Welcome to the internet age.
lmxloco: Pachter to become extinct soon. That is if he doesn't stop stating the bloody obvious or inherently stupid.
This observation was based on the number of video game enthusiasts who weren't very impressed with Pachter with some even considering not reading anymore of his ridiculous statements.
...etc. etc.
True but I think you forgot about the demo's that were sometimes available for people to play. The internet isn't and won't kill E3 the ESA will.
I agree with you feeling like never going it seems like unless you have the money to fly to California to see the event you are just SOL. God Forbid a big event not being held in California.
Pachter bashing is in vogue, but the reasons why it is are baffling. People are raging at a person because he's articulating what the video game community is thinking? It's common sense, but I guess certain individuals don't realize that it probably isn't all that common to the higher ups who initially borked E3. Seriously people, he isn't Jack Thompson.
See, I don't think a lot of people understand, but the internet could never replace the classic. There were exclusive demos and footage that you could only experience on the floor. Even though I wasn't gonna take a plane to see it every year, it was hella fun to read coverage of it in PlayStation Magazine, or watch footage from it in the old PlayStation Underground demos.
Now THOSE were the days..
...They totally did away with E3 and replaced it with either:
Several smaller conventions which serve very much the same purpose as E3, or...
...One big expo held every year, possibly still in USA, but they'd start afresh; they'd heavily advertise it as the big new games convention thing, and it'd basically be E3 with a new skin.
Either way, an E3 rebirth is on the way, and hopefully, next time it comes around, some BIG new things will be announced or discussed by the big three at least.
The return of the TRUE E3 from back in the day. Public access, show rooms and booth babes fully intact.
We totally need more babes endorsing games. That'd rock.