Disney confirms layoffs at game division

Jan 26, 2011

(AP) -- The Walt Disney Co. said Tuesday it is laying off employees and hiring an executive as it revamps its video game division to focus on mobile and social games and away from expensive-to-produce console games.

The company didn't say how many people it laid off in the division, which posted its eighth-consecutive quarterly loss in the three months to Oct. 2, losing $104 million on revenue of $188 million

Disney said it had hired Adam Sussman to be senior vice president of publishing for Disney Games. He was formerly Inc.'s vice president of worldwide publishing for mobile. There he was credited with making EA Mobile the top applications publisher on Apple Inc.'s App Store and expanding its presence into more than 65 countries.

Disney said in a statement that the restructuring is "part of setting a strategic direction for future success in the digital media space."

Last week, Disney closed Propaganda Games, the console-game studio behind "Tron: Evolution" and "Pirates of the Caribbean: Armada of the Damned."

Propaganda, founded and then bought by Disney in 2005, was housed in a 30,000-square foot facility in downtown Vancouver.

Disney also laid off some people at its Junction Point studio in Austin, Texas, on Monday. That studio was responsible for creating the console game "Epic Mickey."

Disney shares fell 8 cents to close at $39.86 on Tuesday.

Explore further: Judge approves $450 mn deal in Apple ebook suit

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Disney to buy social-gaming site Playdom

Jul 27, 2010

(AP) -- The Walt Disney Co. is buying online social-gaming company Playdom for $563.2 million, the latest sign the company is becoming a formidable player in the video-game industry.

Disney acquires iPhone game maker Tapulous

Jul 02, 2010

(AP) -- The Walt Disney Co. said Thursday it acquired Tapulous, the maker of the popular iPhone play-along music game Tap Tap Revenge, to bolster its ability to create mobile games and gain another toehold ...

Downloads of Disney's new 'Tap Tap' game cross 6M

Jan 14, 2011

(AP) -- The Walt Disney Co.'s newly restructured mobile game division briefly knocked the popular "Angry Birds" off its perch atop iTunes' free app store over the holidays in a sign that its purchase of game-maker Tapulous ...

Disney joins NBC and News Corp. with Hulu stake

Apr 30, 2009

(AP) -- The Walt Disney Co. is taking a stake in Hulu.com. This means titles from The Walt Disney Studios library of films and full-length episodes of ABC television shows will join the online video site.

Disney icon Mickey Mouse becomes videogame hero

Nov 30, 2010

Mickey Mouse makes his US debut as a videogame hero Tuesday in "Wasteland," featuring an alternate world that includes Walt Disney Company's long forgotten characters and attractions.

Recommended for you

Dish restores Turner channels to lineup

Nov 21, 2014

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.