House of Mouse's gaming division posts $291 million in revenue and $9 million profit for latest quarter.
Disney's game group is back in black. The company's Interactive division saw revenues rise 4 percent to $291 million for the three-month period ended December 29. Net income hit $9 million, substantially better than the loss of $28 million the group posted this time last year.
Disney said higher operating results were driven by lower acquisition accounting impacts at the group's social game business and growth at the company's Japanese mobile business as a result of a new licensing agreement for Disney-branded mobile phones and content.
Disney last month made two sizable announcements. The House of Mouse revealed its new "toys-to-life" game Disney Infinity and also shut down Epic Mickey developer Junction Point Studios. The first entry in the Disney Infinity series is due out this summer on consoles and mobile devices.
I hope this company stays independent. Selling the company will only result in bad quality games made by the big greedy corporations.
Well they are buying even the mothers of their employees nowadays, someone must turn a profit somewhere
It's nice that the House of Mouse can afford to pay the rent for its house, now that they are back in black.
Glad to hear it... now that you own Star Wars... Make SOMETHING with Star Fighters for the love of the force already! This lack of space combat for 2 generations is killing me!
Content you might like…
Users who looked at this article also looked at these content items.
Playing Xbox One games on somebody else's console will also require a check-in every hour. Full Story
- Posted Jun 7, 2013 8:41 am AEST
Xbox boss Don Mattrick believes concerns over connectivity are overblown, recommends Xbox 360 for those without an Internet connection. Full Story
- Posted Jun 12, 2013 10:52 am AEST