The Walt Disney Company may be
holding its own in this tough economic time, but its
Interactive Media division, which includes Disney Interactive and Disney Online, ended the corporation's fiscal year with a $295 million loss. This follows the division's $258 million loss last year -- it is the only group in the company hemorrhaging cash.
PaidContent quotes outgoing CFO Tom Staggs explaining the situation away, "We're making an
investment (in self-published video games). We're currently in a loss situation and would like to see that reverse itself as we build out to scale."
Optimistically, next year could be better with the release of
Split/Second and
Epic Mickey ...
optimistically.
Source -- Disney fiscal year results [PDF link]
{ Nov 13th 2009 at 9:00PM } 
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Reader Comments (Page 1 of 1)
Ryan LN @ Nov 13th 2009 9:07PM
What on earth is costing them so much money? The fact that I can't name a single game should tell me something...
SpyderTaco (PSN: Ar4chNova89) @ Nov 13th 2009 9:13PM
Pure was great...
Darth Bradwart, The Dark Lord of the Sith-ATDF Co-Founder @ Nov 13th 2009 9:07PM
There's a reason he's the OUTGOING CFO...
Awetoebawt @ Nov 13th 2009 9:23PM
What I don't get is there's an incoming CFO.
Who the hell would take that job?
brian @ Nov 13th 2009 9:27PM
im sure people asked that same question in the early 90s when bobby kotick took charge at activision
Darth Bradwart, The Dark Lord of the Sith-ATDF Co-Founder @ Nov 13th 2009 9:31PM
Might as well get some old Midway or Sega execs in there. Can't do any worse, right?
Smoke_me_a_Kipper @ Nov 13th 2009 10:11PM
and they make what games?
neoalec @ Nov 13th 2009 10:44PM
This company sucks. They're mostly a publisher of mediocre games now. Why don't companies like this just die off?
Patrick Wise @ Nov 13th 2009 11:15PM
There have been some great games with Disney characters. There was Kingdom Hearts and Kingdom Hearts 2! Too bad Disney didn't make them.
rikthagreat @ Nov 13th 2009 11:53PM
yeah! now sell marvel back to ahem! marvel or stan lee or whatever
Gavin @ Nov 14th 2009 6:38AM
Stan Lee has NEVER owned Marvel comics...why the fuck do people think that?
rikthagreat @ Nov 14th 2009 3:05PM
if he didnt sell it to him then