Gwarsh! Disney Interactive loses $45 million last quarter
Disney's Interactive Media Group reported a $45 million loss during its last quarter, which is practically the other side of the metronome from the $58 million it gained during the same period last year. It's not all bad for the group, which includes Disney Interactive Studio and Disney Online, as IMG saw a 13% increase in revenues to $313 million.
Disney blamed the loss on high production costs and marketing expenses. Disney has already taken steps to cut back on costs by letting people go and consolidating studios, while cutting back on those pesky high production cost games.
