X
News

Disney Interactive Cuts Quarterly Losses

by Meagan Marie on Aug 11, 2010 at 06:10 AM

Entertainment giant Disney confirmed a 40 percent increase in profit this quarter, with the Interactive Media Division (comprised of online outlets like Club Penguin and studios such as Junction Point, Black Rock, and more) reporting that they’ve cut losses when compared to this quarter in 2009.

Gamasutra credits the 74 percent revenue bump ($113 million to $197 million) to successful self-published titles such as Toy Story 3 and Split/Second, but notes that the success is directly correlated to higher production values and marketing, which counteracted much of the gain. Disney Interactive is still in the red, however. As of June 27 losses were reported at $65 million as compared to $75 million last year.