E3's Financial Impact on Los Angeles

May 24, 2011 -

In case you didn't know or need a reminder, the ESA issued a press release today pointing out that the Electronic Entertainment Expo returns to Los Angeles in early June. The annual event dedicated to the interactive entertainment industry takes place June 7 - 9 at the Los Angeles Convention Center. The press release was more about the impact the event has on Los Angeles than the industry.

The event expects to draw "tens of thousands" of attendees which will result "in millions of dollars for Los Angeles." According to the ESA, 28,000 hotel room nights have been booked to date and an estimated $25.1 million in revenue will be generated. Because of the sheer volume of attendees, many major Downtown Hotels as well as properties in the San Fernando Valley and Hollywood will also generate revenue from the show.

Naturally, city officials are delighted with E3's affect on local businesses:

"We’re proud to be the host city once again for E3," said Mark Liberman, president and CEO of LA INC. The Los Angeles Convention and Visitors Bureau. "This is the world’s premier trade show for computer and video games as well as related products, and Los Angeles is one of the leading cities when it comes to technology. We look forward to E3’s return next month."

"The Electronic Entertainment Expo has increasingly solidified its position as one of the most significant anchor tenants of the LACC," said Pouria Abbassi, CEO and general manager of the Los Angeles Convention Center. "We are proud to host such a leading edge event for the leading minds of the interactive entertainment industry."

E3 is a trade-only event for software developers, buyers, retailers, programmers, distributors, entertainment industry representatives, financiers, venture capitalists, imports, manufacturers, educators, analysts, and members of the media.


 
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quiknkoldhas their own stream, you are a gamer. I think the only prerequiset is to Play Games for Enjoyment10/30/2014 - 10:21am
quiknkoldI always felt the Gamer Identity was expressing an enthusiasm for Gaming in general. There are different degrees to that. If you say "I love this game and play it, lets see what else" with Ipad game, you are a gamer. If you are a retro game collector who10/30/2014 - 10:20am
NeenekoIt is long overdue, and things will probably settle down when they accept that the industry does not cater to them and them alone and go back to posturing within their own subculture.10/30/2014 - 10:10am
NeenekoThe community has always been split, with many factions within it, and they used to not interact all that much. Now they are having to confront they are not alone and thus not the one twue gamer identity.10/30/2014 - 10:09am
CMinerMW: The two are not mutually exclusive.10/30/2014 - 10:05am
Matthew Wilsonthe gaming community is going to split in to 2 groups. one wants games reviewed as product, and the other as art with all the social critique that comes with that. at this point i dont think it can be stopped sadly.10/30/2014 - 9:56am
NeenekoIt is a wonderful example of the heart of the issue, people accustomed to being part of defining value slamming into people who have other values.10/30/2014 - 9:53am
E. Zachary KnightAlso, this is a hillarious view of Kickstarter "Fine, still doesn't justify taking people's money they gave her to do a project for herself." talking about Sarkeesian.10/30/2014 - 9:35am
MaskedPixelantehttps://twitter.com/DanSlott/status/527814374459977728 One More Shot at Marriage.10/30/2014 - 8:44am
E. Zachary KnightApparently, it is ok to review a games art on whether or not you like the style, but not ok to review a game's story or theme based on whether or not you like or agree with it.10/30/2014 - 8:40am
MechaCrashComics never change because the people in charge now read comics when they were kids, and keep reverting comics to what they remember. As long as that cycle holds, change will be slow at best.10/30/2014 - 8:18am
Neeneko@ MechaTama31 - That is the big reason fansubs were tollerated for so long in the US, japanese studios kept watch to see which ones became popular via those networks.10/30/2014 - 8:11am
quiknkoldJournalists shouldnt be bigger than the stories they report or products they review.10/30/2014 - 7:48am
E. Zachary KnightHere is some food for thought for gamergaters who want politics out of games journalism. https://www.techdirt.com/articles/20141026/06425828942/journalists-need-point-view-if-they-want-to-stay-relevant.shtml10/30/2014 - 7:18am
quiknkoldI didnt say all games are like that, Conster. Princess Peach was....different. though I had fun with it.10/30/2014 - 7:00am
james_fudgehttp://www.somethingawful.com/news/gamergate-with-cats/10/30/2014 - 5:20am
MechaTama31AE: Japan's doujin scene illustrates an interesting potential solution to that problem. Let people play around with the characters, and keep an eye on things to see what people are buying.10/30/2014 - 12:07am
ConsterI bought, played and liked the game (unlike Smash Basketball *shakes fist*), but that felt iffy to me.10/29/2014 - 10:52pm
Consterquiknkold: if Super Princess Peach had been Super Prince Peach instead, do you think emotions would've been a mechanic?10/29/2014 - 10:51pm
quiknkoldcore meaning Colossus, Storm, Wolverine, and Nightcrawler10/29/2014 - 8:51pm
 

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