Disney Interactive to begin layoffs

13:34 • 04.02.14
Economy

Disney Interactive, the struggling video game and digital media subsidiary of the Walt Disney Co, is expected to begin a round of layoffs, the Los Angeles Times reported, citing an informed source.


The cuts could come as soon as this week.


Disney Interactive, which lost more than $200 million a year between 2008 and 2012, is in a period of transition. The division parted ways with its Co-president John Pleasants in November, just months after the successful launch of its "Disney Infinity" video game.


The layoffs would follow other recent cuts. In January 2013, Disney Interactive cut 50 jobs and closed Austin, Texas-based Junction Point Studios, the developer responsible for the "Epic Mickey" titles. In January 2011, the company shut down Propaganda Games, the development studio responsible for the "Tron: Evolution" video game, and laid off about 200 people.


An official at the California Employment Development Department said that Disney Interactive has not given notice of any layoffs in 2014.


A spokeswoman for Disney Interactive declined to comment.


Robert A. Iger, chairman and chief executive of Disney, said on a conference call with analysts in February 2013 that "profitability at Disney Interactive has been a goal of ours in 2013." But the division lost $87 million for its fiscal 2013, which ended Sept 28.
 

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