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Disney Interactive Media Group Suffers $234 Million Loss, Changes Game Plan

Disney Interactive Media Group Suffers $234 Million Loss, Changes Game Plan

During a fourth quarter earnings call last Friday, Disney’s CEO, Bob Iger made statements about a disruption in company performance after posting a $234 million dollar loss with their media division, Disney Interactive Media Group. Iger is changing the division’s road map by shifting their focus from the console gaming space to social and mobile games, citing a restructuring of management and the appointment of John Pleasants of Playdom (a social gaming company which Disney acquired back in July) to run the division.
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