Disney's Interactive Media Group reported a $45 million loss during its last quarter, which is practically the other side of the metronome from the $58 million it gained during the same period last year. It's not all bad for the group, which includes Disney Interactive Studio and Disney Online, as IMG saw a 13% increase in revenues to $313 million.
Disney blamed the loss on high production costs and marketing expenses. Disney has already taken steps to cut back on costs by letting people go and consolidating studios, while cutting back on those pesky high production cost games.
Reader Comments (6)
Posted: Feb 5th 2009 7:33AM RyanLN said
This is no surprise, seeing as Disney Interactive hasn't released a decent game since... well, ever.
Posted: Feb 5th 2009 11:41AM (Unverified) said
oh yea.......Kingdom Hearts.....joint Venture with Square Enix
Reply
Posted: Feb 5th 2009 8:00AM (Unverified) said
Sucks for Disney Interactive, Pure was a good ass game to me. Turok on the other hand...
Posted: Feb 5th 2009 11:41AM (Unverified) said
PURE is one of the best racing games I've ever played. Don't know much about any other titles they've made though.
Posted: Feb 5th 2009 12:39PM (Unverified) said
Shame, PURE was a fantastic game and this makes a sequel unlikely :(




