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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E. Zachary KnightI squeed like a little girl when I watched the leaked Avengers Age of Ultron trailer. So much awesome.10/22/2014 - 6:47pm
quiknkoldI have a problem with games that use a digit for sequals when clearly they can be called something else. Five Nights at Freddy's 2? Nonono. Its "Another Five Nights at Freddy's" or "Five Nights Week 2"10/22/2014 - 5:30pm
E. Zachary KnightExtra Credits has come out against GamerGate. https://www.facebook.com/ExtraCredits/posts/86104175727438610/22/2014 - 5:28pm
E. Zachary Knightis it really that hard to answer a question, that to me seems fairly straight forward? I ask, because I have asked a specific question now 3 times without an actual answer in the wastebook thread.10/22/2014 - 5:20pm
Andrew EisenFive Nights at Freddy's 2! Yay! https://www.youtube.com/watch?v=lVPONdZBh6s10/22/2014 - 5:07pm
Matthew Wilsonyou guys know he doesnt work for ea anymore?10/22/2014 - 5:02pm
WymorenceYou forgot having to open Unity through Origin too. :p10/22/2014 - 4:37pm
MaskedPixelanteUnity will now be licensed out half finished, with remaining tools to be sold back to you for 10-15 dollars a piece.10/22/2014 - 3:23pm
E. Zachary KnightNot a big fan of this news, but Unity3D's CEO is stepping down and John Riccitiello steps up. http://gamasutra.com/view/news/228384/Helgason_steps_down_as_Unity_CEO_and_John_Riccitiello_steps_up.php10/22/2014 - 3:06pm
MaskedPixelanteIt's probably extremism.10/22/2014 - 12:07pm
Matthew Wilsonthat being said, they are more likely to blame religious extremists than games.10/22/2014 - 12:01pm
Matthew Wilsonlets just hope they dont try to blame video games.10/22/2014 - 12:00pm
MaskedPixelanteOh joy, Ottawa's on lockdown, this is going to be a fun couple of days...10/22/2014 - 11:56am
MaskedPixelanteAnyone have any good text replacement scripts? I want one that can censor out Breitbart links.10/22/2014 - 11:35am
james_fudgeMilo and I are not BFFs. I tried, man!10/22/2014 - 11:33am
ZippyDSMleequiknkold:you too eh? 0-o10/22/2014 - 10:23am
Michael ChandraI don't like bullying anymore than you do, and yes, I think you're petty. Not commenting on the sob part, because I don't know your mother and don't see why I'd insult her.10/22/2014 - 10:02am
quiknkoldif that makes me petty, then I guess I'm one petty sob10/22/2014 - 8:48am
quiknkoldwell I'm sorry Conster, Having my skull smashed in when I was 14 made me skeptical to apologies when it comes to Bullying regardless of the platform its given. I guess Bullies beat the sympathy out of me.10/22/2014 - 8:47am
ConsterOn an unrelated note, I'm missing a "heck if I know" option on the poll.10/22/2014 - 8:33am
 

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