Disney Interactive Takes a Loss of $58 Million in Their Third Quarter
According to a recent report done for the Walt Disney company, it states that Disney Interactive has an operating income loss of $58 million for their third quarter in 2013. An operating income is money brought in after their costs, but before the taxes are deducted. This loss is 38 percent more that the loss they had back for the third quarter of last year. Disney Interactive, the gaming side of the Disney corporation, is 7 percent down from last year’s quarter, bringing in a revenue of $138 million.
The only things that wasn’t mentioned in this financial report were their closing of LucasArts back in April of this year. Upon acquiring both LucasFilms and LucasArts, Disney decided to close down the LucasArts portion of the company they had obtained, stating that:
After evaluating our position in the games market, we’ve decided to shift LucasArts from an internal development to a licensing model, minimizing the company’s risk while achieving a broader portfolio of quality Star Wars games. As a result of this change, we’ve had layoffs across the organization. We are incredibly appreciative and proud of the talented teams who have been developing our new titles.
Another thing left out was the release of their latest Disney gaming venture, Disney Infinity, a new game where you can purchase physical figurines of beloved Disney characters, and by scanning them into the game, you can play as these characters. Think of it along the lines of Activision’s Skylanders, but with Disney characters and a totally customizable world.
Disney stated that they believe their losses are due to the lack of new consoles on the market, and the lacking in their social gaming area. Which to me, just sounds like excuses. Hopefully in the upcoming months, their sale will go up due to Disney Infinity’s release. But we can only wait and see.