E3 Lite ?

According to Next Generation, the ESA has decided to downsize the highly popular E3 event in its current form. Why would the industry downsize the event that gets gamers excited about new hardware and games? Well according to the ESA a lot of the big exhibitors were pulling out of E3. It seems developers were tired of spending millions on E3 that they never recouped.
What something like this for the industry at large is anyone







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