Disney Lays Off 700 Employees From Interactive Division
"These are large-scale changes as we focus not just on getting to profitability but sustained profitability and scalability," explained Disney Interactive president James A. Pitaro.
Despite Disney Interactive reporting a 38 percent increase in revenue last year (mostly thanks to Disney Infinity), many of its browser- and mobile-based games underperformed. This includes Where's My Water? 2 and BabyZone.com. Disney maintains they are "not exiting any businesses" and will "pursue licensing partnerships in which we retain a lot of creative input."
In May of last year, Disney agreed to allow Electronic Arts to develop and publish new Star Warsgames for a "core gaming audience" -- meaning, core gaming consoles like...
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