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.

About MCV Staff

Check Also

hy [Industry news] HYPERTUNE brings world's first third-party auto-overlocking tool to PC Gamers

[Industry news] HYPERTUNE brings world’s first third-party auto-overlocking tool to PC Gamers

HYPERTUNE, a COMPREADY company, today announced the public release of its Gaming Performance Engineering platform, built on Intel'sⓇ Extreme Tuning Utility (XTU) SDK. By combining Intel's trusted performance technologies with its proprietary validation methodology, HYPERTUNE helps gamers safely unlock more performance from supported Intel-based PCs through a guided, validation-first optimization experience.