EntertainmentGamesESA revenue dropped $10 million in E3 2020's absence

ESA revenue dropped $10 million in E3 2020’s absence

-

- Advertisment -spot_imgspot_imgspot_imgspot_img

The Entertainment Software Association saw a big drop in revenue when the coronavirus pandemic cancelled E3 2020.

Axios has published a review of the trade body’s tax filings for the year ended March 31, 2021, which shows the organisation’s revenues reached $40 million. That’s a year-on-year decline of $10 million or 25%.

The ESA is funded by membership fees — with 30 members, including giants such as Nintendo, Microsoft, Sony, Tencent and Electronic Arts — as well as charges for game ratings by the Entertainment Software Ratings Board, which the trade body operates.

Membership fees are not disclosed, although Axios notes an Activision filing shows it paid $680,000 in 2021.

E3 is also a huge source of income for the ESA, but the show was cancelled in 2020 to prevent the spread of COVID-19. The previous year, the last physical version of the show, generated $17 million for the organisation. Full-year convention and meeting costs were reported as $12 million.

The filing also gives some insight into what the ESA spends on, with $2.5 million spent on lobbying US lawmakers on behalf of the industry, and millions more spent on advocacy for issues such as IP rights, child safety, STEM education and free speech.

E3 returned as a digital event in 2021, although was cancelled again in 2022 as the pandemic began to spike once more.

The trade show will return as an in-person event in the second week of June 2023, organised by GamesIndustry.biz parent ReedPop.

Read More

Latest news

Mia X Is Proud Of The New Generation Of Women In Hip-Hop

A hot Saturday morning in New Orleans called for cold drinks and good eats, both delivered by rapper-turned-food entrepreneur,...

Hennessy’s Senior Vice President, Jasmin Allen, Speaks On Canelo’s Champ Status, Nas’ Brand Position, And The Spirit’s Family Ties

Hennessy has long been the drink of choice for the edgier side of Hip-Hop. For at least two decades,...

Fat Joe Explains Creation Of “Lean Back” Dance

Fat Joe dropped off a cool nugget of information about the historic dance associated with his 2004 Remy Ma-assisted...

Mannie Fresh On The Future Of Hip-Hop: “We Just Got To Change The Rules”

For a blazing Friday afternoon in Louisiana, Mannie Fresh is cool, calm, and collected. Escaping the sun to an...
- Advertisement -spot_imgspot_imgspot_imgspot_img
- Advertisement -spot_imgspot_imgspot_imgspot_img

Drake’s ‘Take Care’ Has Officially Spent 500 Weeks On The Billboard 200

On Wednesday (Oct. 5), Drake joined his brethrens Kendrick Lamar and Eminem as the third rapper to have...

Kanye West Claps Back At Khloe Kardashian + Calls Her A Liar In Response To Now-Deleted Tweet

Kanye West responded to a now-deleted post by Khloe Kardashian regarding his kids’ birthday parties and the custodial fight...

Must read

- Advertisement -spot_imgspot_imgspot_img

You might also likeRELATED
Recommended to you