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Disney's games division still a thorn in the company's side

Disney's games division still a thorn in the company's side

August 7, 2013 | By Mike Rose

August 7, 2013 | By Mike Rose
More: Console/PC, Business/Marketing

Disney's Interactive division, which houses its video game exploits, was the only sector of the company to record losses during the last fiscal quarter.

While Disney as a whole recorded healthy revenues and profits, thanks in part to growth across its media networks and broadcasting outlets, Disney Interactive continues to prove the thorn in the company's side, with even worse revenues and losses than the previous year.

Operating losses for the division were $58 million for the quarter ended June 29, 2013, down year-over-year from losses of $42 million.

The company blamed this on a decline in console game sales, and the fact that it had no new releases during the quarter. Disney noted that its social games business is also on the decline, although it added that its Japanese mobile game business saw growth.

Of course, the company will be hoping that upcoming titles like this month's Disney Infinity, as well as Fantasia: Music Evolved and Kingdom Hearts III, will be able to turn its fortunes around.

The company as a whole recorded revenues of $11.6 billion, up from $11.1 billion year-over-year, and profits of $1.8 billion, essentially flat year-over-year.

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