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At end, only difference between "large-scale press conference" and Nintendo Digital Event, is live reactions of people who are present on those "large-scale press conferences". Both are streaming online and of course huge majority of people are watching them online.

So no, Nintendo doesnt need "large-scale press conference", for instance Nintendo E3 2014. was one of best Nintendo E3 ever, so what they need are good and strong announcements, for instance their E3 2015. was bad because of that.