I agree with Hakuoro.
Not just that, but the bottom line here is that the only people that feel like E3 is needed are the people that work in gaming journalism.
Bigger companies feel they don’t need E3. Indies are starting to put together their own shows (i.e. Guerilla Collective). And for majority of fans, E3 was always a “seen on tv” or “see streaming on the internet” affair anyway.
So this only truly affects gaming journalists