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Yeah, Nintendo launching their Nintendo Direct was the start of the road of E3 becoming irrelevant in the future since companies started to realize you didn't need to spend all that money and time preparing lavish press conferences when it was easier and likely cheaper to just to do it all in-house.
Forgot where I read it but it was something like if you wanted to do an E3 press conference, then you pretty much had to start to lock in plans and prep work in January or so just to have a live press conference ready in place by June.
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