Disney's games division drags down financials

Ben Parfitt
Disney's games division drags down financials

The Interactive business was notable in Disney’s recent financials for being the company’s only unit to fail to post a profit.

GameSpot reports that Disney Interactive, home to amongst other things its video games operations, was the only one to post a loss for both Disney’s most recent quarter and its full year.

The full-year net loss reached $216m, which was at least an improvement on the $308m loss reported in the same period last year. Quarterly revenue dipped by 14 per cent to $191m and losses hit $76m.

The release of fewer “significant” titles was blamed as well as “an on-going shift from console game releases to mobile and social game releases”.

Disney’s Epic Mickey 2 will be released in the UK on November 23rd.

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Tags: interactive , disney , video games , consoles , loss , revenues

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