Revenues for the Interactive Media segment went up 7 percent from $712 million to $761 million. Net losses shrank by 21 percent down to $234 million.
Disney credits Club Penguin subscribers, the lower cost of selling self-published games like Toy Story 3, and increased mobile phone subscribers at the company's business in Japan. Based on comments in the earnings report, it sounds like Disney wants to move away from putting out too many "higher cost" new releases bundled with accessories and instead focus on "catalog titles."
Seems to be what everyone else is doing. Meanwhile, Disney under its umbrella to provide social and Facebook games. The numbers for Interactive Media were partially offset by the acquisition.
This article originally appeared on GamePro.com as