Disney's Interactive Media division reduces losses in Q3

Disney's studio shutdowns may have had at least some of the desired effect: The Disney Interactive Media Group reports that the third quarter has brought decreased losses for the division year-over-year. The group remains the only division in the company operating at a loss, but revenues increased (thanks to Lego Pirates of the Carribbean and Cars 2, according to the studio) and losses decreased to $86 million a year.

Disney still blames most of the losses on the acquisition of social developer Playdom last year, but good news is good news. Hopefully this means an end to all of the layoffs around the division.