Disney game group revs rise on Epic Mickey
Company's Interactive arm grows revenue 58 percent to $349 million, citing success of Junction Point's Wii title, Toy Story 3.
After announcing last year that it would be backing off from the high-end console market, Disney has set about changing the gaming outlook within its Interactive division. That process has resulted in the purchase of casual-gaming network Playdom for more than half a billion dollars, the closure of Tron: Evolution studio Propaganda Games, and layoffs within Disney Interactive Media Group and Epic Mickey outfit Junction Point Studios.
That change in direction looks to be having a positive impact on Disney Interactive's earnings. As part of The Walt Disney Company's first-quarter earnings report today, the multinational conglomerate said that its Interactive Media division grew revenue by 58 percent to $349 million. However, losses mounted to $13 million, due in large part to expenses related to the acquisition of Playdom.
Notably, Disney said that it actually experienced gains in console game sales. The company said it saw a "strong performance" from Epic Mickey and Toy Story 3, which outperformed last year's releases that included Sing It Pop Hits and Tinker Bell and the Lost Treasure. According to the LA Times, Epic Mickey's first-month sales tallied more than 1.3 million units, even if critics responded tepidly to the title.
The Disney Group as a whole performed extremely well during the quarter ended January 1, 2011. Company-wide revenues rose 10 percent to $10.7 billion, while net income rocketed up 54 percent to $1.3 billion.
10 Ways Assassin's Creed Valhalla Delivers the Ultimate Viking Experience Assassin's Creed Valhalla - Post Launch Content Trailer Cold War's Fireteam: Dirty Bomb Needs Some Improvements Top New Games Out On Switch, PS4, Xbox One, And PC This Week -- October 18-24, 2020 Every PlayStation Launch Game, From PS1 To PS5 NBA 2K21 Next Gen vs. Current Gen Gameplay Comparison COD Warzone Halloween Event: Everything You Need To Know In Under 3 Minutes The Boys: Stormfront's Best And Worst Moments From Season 2 Master Chief Collection On Series X & S, Xbox Game Streaming On iOS, And Cyberpunk 2077 Lip-Sync | Save State Ghost of Tsushima: Legends - Gold Difficulty Assassin Gameplay HBO's Lovecraft Country Season Finale "Full Circle" Breakdown Yakuza: Like a Dragon - Official "Next Generation Of Yakuza" Trailer
GameSpot may get a commission from retail offers.