Disney to close Infinity game unit.


Disney is closing its Infinity series of video games, the company has announced.

The decision, which has resulted in a $147 million write-off, will involve the closure of Disney’s in-house studio, Avalanche Software, and in effect marks The Walt Disney Company’s withdrawal from the console gaming sector.

Disney has had a troubled presence in the console games business for a number of years. 

In 2014, it was reported that the company’s interactive division had been losing $200 million a year between 2008 and 2012. The company shut down several studios and laid off 700 staff members.

Iger said on a call with investors that he lost confidence in the video-game business. 

Disney’s support for Infinity will end after the release of Alice Through the Looking Glass and Finding Dory sets later this year.

Advertisements

About Salon Mickey

Salon Mickey The Disneyland Paris Shareholders Blog
This entry was posted in Disneyland Paris and tagged . Bookmark the permalink.