Video game firms add $180m to Mass. economy, study says
Massachusetts’ entertainment software industry added more than $180 million to the state’s economy in 2009, according to a new study by the Entertainment Software Association.
"The study, Video Games in the 21st Century: The 2010 Report, also found that the Massachusetts game industry has grown by an annual rate of almost nine percent since 2005, more than 27 times the growth of the state’s overall economy," the association said in a press release. "According to the report, entertainment software companies directly and indirectly employ more than 4,500 and provided more than $210 million in direct and indirect compensation in 2009."
Nationwide, the computer and video game industry added nearly $5 billion to the US economy in 2009, the study claims.
And for the moment, there's 38 Studios, the Maynard company founded by former Red Sox star Curt Schilling. Schilling recently made big local news by saying he would move his company to Rhode Island after Rhode Island officials signed off on a plan to provide the firm with $75 million in a loan guarantee, a recent Globe story noted.
The Entertainment Software Association is dedicated to serving the business and public affairs needs of companies publishing interactive games for video game consoles, handheld devices, personal computers, and the Internet.