Rumors are flying around the web at this very moment about E3 being downsized to press only or even cancelled. ESA, the organization behind E3, is said to announce the news tomorrow.
Apparently, it is too costly for exhibitors to pay for all the extravagant displays and all the staff running around to manage it all. This year’s E3 attracted 60,000 people featuring over 400 exhibitors. The hotels and service industry in L.A. take in over 50 million during E3 every year, the same amount that attendees and exhibitors spend during the three-day event.
As disappointing as it sounds for the average gamer, this would also mean better press coverage of the event, as Joystiq suggests. This year people waited in line for hours and hours to try Nintendo’s Wii. Even though that’s great for Nintendo, it’s not great for the event itself.
We’ll have to wait until tomorrow for ESA to announce what is going to happen, downsizing is something people can usually live with, but canceling E3 would be too much, the biggest event shutting down because it’s… too big and expensive?