is still doing the business for Disney Interactive, as the company recorded a swing to profits year-over-year.
Disney's video game business wasn't looking so hot up until the launch of its figurine-based game Disney Infinity
last year. Since then Disney Interactive has gone from strength to strength, and believes Disney Infinity will be a billion-dollar franchise
Having said that, it wasn't just Disney Infinity
that helped boost the company's profits. Disney says its recent restructuring activities
are keeping costs down, while simply making fewer games has also led to a decrease in product development costs.
For the quarter ended June 28, 2014, Disney Interactive recorded revenues of $266 million, up 45 percent year-over-year, and operating profits of $29 million, compared to operating losses of $58 million year-over-year.
Notably, Disney Interactive has made operating profits of $98 million in the last nine months, compared to operating losses of $103 million year-over-year.
Overall, Disney saw revenues of $12.5 billion, up 8 percent year-over-year, and profits of $2.2 billion, up 22 percent year-over-year.