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Analyst: E3 now “virtually useless”

Yes, that E3. In an article at TheStreet, Wedbush Morgan analyst Michael Pachter gave E3 in its current form a thrashing – essentially calling it a shadow of the hype-Mecca it once was.

"The conference used to offer retail, media and investors an early look at games and an opportunity to speak with company managements," he said. “Now the games have long since been announced and the event is virtually useless for retail and for investors."

Many other videogame industry luminaries gave their two cents on E3 in the piece as well, with an especially interesting point coming from IGN’s Tal Blevins, who blamed E3’s fall from grace on its lack of spectacle. "The video game industry is about fun and entertainment,” he said, “and we should have a show that reflects it.”

Hit the link to read commentary from other industry pundits, as well as a quick overview of E3 2008.

By Nathan Grayson

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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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