Disney Infinity Game Lifts Interactive Group Into Black
Captain Jack Sparrow, Mr. Incredible and the rest of the cast of the Disney Infinity game helped lift the entertainment giant’s long-struggling interactive group into the black.
The Burbank entertainment company said its interactive unit reported a second-quarter operating profit of $14 million, compared with a loss of $54 million a year earlier. Revenue rose 38 percent to $268 million for the quarter ending on March 29.
The company reported record earnings for its second quarter. Disney’s net income of $1.9 billion jumped 27 percent from the prior year’s earnings of $1.5 billion. Revenue rose 10 percent to $11.6 billion, compared with $10.6 billion a year ago.
Disney Infinity, a game that combines toys with interactive play, was among the top-selling games of 2013, according to the NPD Group. Its retail success, together with the growing Japan mobile business, buoyed results for the Disney division.
Disney Interactive said it plans to introduce a new version of the game, built around its roster of Marvel superheroes.
The company’s gains in the console market came as the division laid off hundreds of employees and narrowed its focus. The head of the division, Jimmy Pitaro, talked to Re/code about the retrenchment and plans for the future in an interview earlier this month.