When E3 was cancelled, most companies that were going to be involved in the show stated that they were looking into the possibility of holding a replacement digital event to share announcements and updates. But it seems plans might have changed for Square Enix since then.
As per Bloomberg tech reporter Takashi Mochizuki, Square Enix have decided not to hold an E3 replacement online event to make announcements. The decision was apparently made because making assets for such an event has proven to be difficult due to the COVID-19 pandemic. Instead, Square plans on announcing new games on an individual game-by-game basis.
It’s hard to say at this point what Square Enix has in store as far as new updates and announcements are concerned. We can probably expect new updates on upcoming games like Marvel’s Avengers and Outriders, but anything beyond that is a big question mark for now. We know that they are working on nex-gen games, with Luminous Productions at work on a new IP for the PS5, and Final Fantasy 14 director Naoki Yoshida also heading up a new next-gen project.
Recent reports have indicated that COVID-19 has also put Nintendo’s plans for an E3-replacement Direct broadcast on hold, while Bethesda have already confirmed that they won’t have a digital event.
Square Enix said it won't hold online event to unveil this FY's new releases around E3's timing because making assets ready for such show has become difficult due to Covid-19. Instead, it will announce new titles on individual basis.
— Takashi Mochizuki (@6d6f636869) May 13, 2020