Apple Inc. was already the least-loved big tech stock on Wall Street. Growing concerns over iPhone sales have now triggered a second downgrade this week, cementing analysts' cautious approach.
16.12.2023 - 15:31 / gamesindustry.biz
This Week in Business is our weekly recap column, a collection of stats and quotes from recent stories presented with a dash of opinion (sometimes more than a dash) and intended to shed light on various trends. Check every Friday for a new entry.
The Entertainment Software Association made it official this week. The Electronic Entertainment Expo is no more.
QUOTE | "After more than two decades of E3, each one bigger than the last, the time has come to say goodbye. Thanks for the memories." – The ESA confirms the show's demise on social media.
First off, that's a pretty blatant lie. Each E3 was not bigger than the last. In 2007, the show floor moved from the massive Los Angeles Convention Center to an airplane hangar in Santa Monica and cut attendance to less than one-tenth of 2006's show, for Frogger's sake.
The biggest E3 by any reasonable definition was almost certainly E3 2005, with an announced attendance of more than 70,000 and an LACC so packed that the event was taking up meeting rooms in the neighboring Staples Center.
QUOTE | "I think if I had one more inch of space, I would have sold it. I don't think that there's any spot left untouched in the building..." – E3 show director Mary Dolaher, after the 2015 show.
Anyone who attended the shows could tell you E3 2005 and 2006 were on a different level to any of the more recent E3s, the ones where Kentia Hall served not as an overflow show floor for a horde of exhibitors that couldn't land space in the main halls but as a parking lot. The ones where the South and West Hall show floors sadly petered off into nothing well before you reached the back wall, and you started to wonder if they could have fit a few more parking spaces up there as well. The ones with conspicuous holes in the attendee list, like EA, Sony, and Activision.
E3 was on a downswing for years before the ESA pulled the plug. For more than a decade, depending on who you ask. And even if the trade group's social media channels don't want to admit that, at the very least ESA president and CEO Stanley Pierre-Louis acknowledged the truth of the matter.
QUOTE | "There were fans who were invited to attend in the later years, but it really was about a marketing and business model for the industry and being able to provide the world with information about new products. Companies now have access to consumers and to business relations through a variety of means, including their own individual showcases." – Pierre-Louis, in an interview with the Washington Post breaking the news of the show's demise.
So we've got a couple causes of death alluded to in that statement.
E3 as a marketing event grew obsolete because companies realized they could just have their own showcase targeting
Apple Inc. was already the least-loved big tech stock on Wall Street. Growing concerns over iPhone sales have now triggered a second downgrade this week, cementing analysts' cautious approach.
Blizzard has released the first This Week in WoW of 2024!
Brand-new year, brand-new TV! We’re not totally done with last year’s television, though: This Sunday will be the Golden Globe Awards, honoring a lot of the best films and TV shows of 2023 (along with some duds — award shows, what’re you gonna do?). That will be airing at 8 p.m. EST/5 p.m. PST, and will be streaming at the same time it’s on CBS.
ABC's multi-city New Year's Eve special and new music from the K-pop act TVXQ are some of the new television, movies and music headed to a device near you.
If you’re looking for new TV this week, you’ll probably want to head to Disney Plus — not officially, but that’s where you’ll find a lot of the big new releases in the lead-up to Christmas Eve this week (and, not for nothing, a lot of the family-friendly content for being home for the holidays too). There you’ll find familiar tentpoles like the MCU’s What If...? season 2 and the new Percy Jackson and the Olympians. But you’ll also find Dragons of Wonderhatch, a new world with a partially animated schtick.
The end of 2023 is upon us, and as we look back on all the amazing gaming moments we’ve shared, the PlayStation.Blog team wants to thank you for making the past year a special one.
One of the coolest announcements at The Game Awards last week was the surprise reveal of the free Valhalla DLC for God of War Ragnarok. That DLC is out now, and players have been astounded to find just how rich and fully featured it is.
If you can’t wait to get your fist on Tekken 8 next year, then thankfully you won’t have to! Bandai Namco has announced that a Tekken 8 demo will be out on PlayStation this week, and then for Xbox and PC next week.
If you can’t wait to get your fist on Tekken 8 next year, then thankfully you won’t have to! Bandai Namco has announced that a Tekken 8 demo will be out on PlayStation this week, and then for Xbox and PC next week.
After 23 years, E3 is officially no more.
Terra Nil, the «reverse city builder» from developer Free Lives and publisher Devolver Digital, is coming to Switch next week. More specifically, it will hit the Nintendo console on December 18, as revealed in a new trailer you can watch below.
God of War Ragnarok is getting some meaty free DLC on December 12th with Valhalla. It adds a rogue-lite mode where Kratos ventures into the depths of Valhalla, challenging enemies and specializing in different weapons and abilities in order to survive. While players will deal with new combinations of enemies, there are also some “surprises” in store.