Disney Loses $115 Million
It´s earnings season, which is good news for some and bad news for others. For Disney, it´s pretty bad news.
It's earnings season, which is good news for some and bad news for others. For Disney, it's pretty bad news. The company's gaming division has reported a shortfall in its operating income of $115 million, which is not good in anyone's books.
Disney has been trying to make a big splash in the gaming industry for some time, and has bought up a lot of small companies to that end. Recently it shelled out $563 million for casual gaming network Playdom, which it believes will be a great long-term investment.
That might be true, but for now the company's finances aren't looking all that great. Best get working on Epic Mickey 2 then, eh?