The Walt Disney Company has reported a revenue decrease for its Interactive Media division during the second quarter of its financial year.
The division’s revenue for the quarter ended March 28, 2009, decreased 17 percent year-over-year from $156 million to $129 million, a declne the company attributed to lower sales of self-published titles.
However, segment operating losses were essentially flat at $61 million, compared to $60 million for the same period a year earlier.
“The decline in revenues at Disney Interactive Studios was driven by lower sales of self-published video games reflecting the strong performance of Turok in the prior-year quarter,” said the company in a statement.
“… A decrease in revenues at Disney Interactive Studios was largely offset by increased revenues from our mobile phone service business in Japan, which was launched in the second quarter of fiscal 2008, lower marketing expenses at Disney Interactive Studios and Disney Online and lower administrative costs at Disney Online,” it added.
What?!?
There lying! I know Desperate Housewives: The Game was a masterpiece, & my favorite games reimagined with Disney characters? Brilliance!