Michael Pachter Calls Sony Fools for Bowing out of E3 2019
When Sony announced that they would not be attending E3 2019 back in November, the first time they’ve done that since the event’s inception, it shocked the industry and left many fans of the massive publisher disappointed. While there are those who might see this move as a bold one, there are also those who feel that it’s a huge mistake. Industry analyst Michael Pachter is among the latter and though he’s already publicly announced his feelings, this time he dives a bit deeper.
In a recent interview with GamingBolt Wedbush Securities analyst Michael Pachter discussed Sony’s decision to skip E3 2019 and let’s just say he didn’t mince words. While some in the industry wonder if this is Sony’s way of pulling out of E3 indefinitely to start their own event, Michael Pachter believes this is simply a one-off occurrence and that they will be back. “I think it’s a one-off.” He continued by saying it was a mistake for them to skip E3 2019, “I think they made a bad decision. I think they somehow internally determined that the money’s not well spent- and they’re wrong. I don’t know what they spend on E3, but even if it’s $15 million, they get $15 million of publicity out of it. So I think they’re fools to bypass the show. And they’ll be back.”
Despite some great in depth showings of upcoming titles like Ghost of Tsushima and The Last of Us Part 2, and new announcements for titles like Resident Evil 2 and Nioh 2 Sony’s E3 2018 press conference was widely criticized for both its bizarre setup and execution. Interestingly, Pachter also has a few critical opinions of Sony’s conference at E3 this past year. “They had that stupid walkthrough that nobody understood, and it just wasn’t fun. And I think they probably spent a ton on that. And they’re very much guys who don’t acknowledge that they did anything wrong, so they just take their ball and go home, because it didn’t work well.”
Lastly, when asked about his thoughts on why Sony skipped their very own PlayStation Experience for 2018, he stated the following: “Again- no games. So I think it’s all related to gearing up for the next generation console. They’ll probably announce the next-gen console in Spring of 2020, and have their own event- maybe they’ll call it PSX. Maybe there’s a PSX in December of 2019, and they announce their next-gen console then.”
Do you agree with Pachter or are you hoping that Sony will come out with their own show and surprise us all? Let us know your thoughts in the comments below and don’t forget to keep it locked for updates!