Disney games division sees $234m full-year loss
Business trims losses on Club Penguin and self-published games
Disney's Interactive Media division, which includes the company's games business, recorded a $234 million (£147.7m) loss for the financial year ended October 2, 2010, an improvement on the $395 million (£245.9m) loss for the previous year
Revenues were $761 million (473.9m), up from the $712 million (£443.4m) a year earlier.
The company benefited from improved costs on self-published games, higher subscription revenue on Club Penguin and increased subscribers to its mobile phone business in Japan.
Lower sales of videogame products were due to catalogue games rather than new releases with bundled accessories in the prior year.
Overall, Disney recorded a full-year profit of $3.9 billion (£2.4bn), up 20 per cent from the previous year's $3.3 billion. Revenues were $38 billion (£23.6bn), up 5 per cent from $36.1 billion.
Crikey; that's a substantial loss. Hopefully the Interactive Media division won't be singled out next to the firm's overall profit. I expect Epic Mickey will do some good numbers for them, but I hope their games divisions is secure for the moment.
I still think it's a shame that PotC: Armada of the Damned was cancelled. It was looking pretty great.
Posted:2 years ago