E3 No Longer?

Website Next-Gen.Biz posts this article claiming inside information that E3 will no longer be happening due to major exhibitors not wanting to spend the money.
From the website:
“Publishers believe the multi-million dollar budgets would be better spent on more company-focused events that bring attention to their own product lines rather than the industry as a whole.
Well placed sources say the news that larger exhibitors were pulling out had prompted urgent meetings among publishing executives. They decided that, without the support of the larger software publishers and hardware manufacturers, there would be no point in continuing.”
The article also states that an official announcement is coming in the next 48 hours.
Just a rumor? I find this news quite surprising and will keep a close eye on what develops. Let us know what you think in the comments section
EXCLUSIVE: E3 FINISHED [Next-Gen.biz]
via Kotaku







