Explaining Southern California's economy

E3: SoCal companies to get a boost from new PS4, Xbox One games (photos)

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Diablo III will be coming to PlayStation 4.

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A Titanfall statue stands in the South Hall of E3.

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E3 attendees play Battlefield 4, which will come first to Xbox One.

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Minions pose with E3 attendees on June 12th, 2013. The ride Despicable Me: Minion Mayhem will open at Universal Studios Hollywood in 2014.

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An E3 attendee poses at a Zelda sculpture on June 12th, 2013.

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An E3 attendee poses with Bayonetta, the main character of Bayonetta 2, which will be released excluesively for Wii U.

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An E3 attendee plays Pikmin 3, which will be released in Japan on August 4th, 2013.

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E3 attendees play Nintendo games on June 12th, 2013.

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Ryan Hakik, a developer at Electronic Entertainment, spent an hour creating his mohawk with custom stencils for Titanfall, which will launch in the spring of 2014.

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E3 attendees play with the Kinect sensor in the Xbox One, which will be released in November, 2013.

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E3 attendees wait in line to play Payday 2, the sequel to Payday: Heist. The game will be available in August, 2013.

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E3 attendees play Gran Turismo 6, which will be released later this year.

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E3 attendees play Yaiba: Ninja Gaiden 3, an action-adventure video game developed by Team Ninja and published by Tecmo Koei.

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E3 attendees check out the new Xbox One, which is set for release in November, 2013.

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E3 attendees watch videos about the new Playstation 4 on June 12th, 2013.


When new video game consoles PlayStation 4 and Xbox One get delivered to customers later this year, Southern California video gaming companies will likely see a boost in sales, analysts said.

“When you get more consoles out there, they’ll be more software purchased, which means developers will sell more stuff, they’ll work on more projects, and they’ll get paid more," said Michael Pachter, an analyst at Wedbush Securities in Los Angeles. "It should be a growth industry, and it looks like it’s positioned to become one soon."

Research firm NPD Group said that last year the nation's video game industry made nearly $7 billion in sales. The top selling game last year was shooting game "Call of Duty: Black Ops II," NPD said. 

Woodland Hills-based Infinity Ward is the developer behind the next game in the genre, called "Call of Duty: Ghosts." The game will be released in November for many different consoles, including the Xbox One and PlayStation 4. 

Tina Palacios, a senior community manager at Infinity, says gamers will get an enhanced visual experience on the new consoles. For example, HDR lighting.

“That simulates what your iris does in real life, so if you go into a dark room, your eye adjusts and when you step outside in a bright light it will adjust as well and we’ll do that in the game," she said.

Several Southern California companies marketed their new games at the Electronic Entertainment Expo in Downtown LA this week, including Warner Brothers, Disney and Activision. 

The three-day event ended Thursday and drew more than 48,000 people.

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