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12 May 2011 19:10 from Philip M. - article read 333 times.

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.
 

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. 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?

Source: Gamespot
 

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