Disney to Lay Off Hundreds of Employees in Interactive Unit
Source: Variety
Further cuts are coming to Disneys Interactive group, with several hundred people expected to be laid off, as early as this week.
The staff reductions are expected to come mostly from Disneys Playdom, which produces games for social media platforms, sources confirm to Variety. Disney Interactive also runs Disney.com and produces mobile games, including the franchises Wheres My Water? and more recent Wheres My Mickey?
Disney purchased Playdom in 2010 for $563 million, but the company has struggled to release a string of successful franchises since then, although Marvel: Avengers Alliance has performed well.
Instead, Disney has scored with new properties like Disney Infinity, essentially its version of Activisions Skylanders, which combines the use of physical figures and videogames. Disney Infinity has sold more than 3 million copies since it debuted in August.
Read more: http://variety.com/2014/biz/news/disney-to-lay-off-hundreds-of-employees-in-interactive-unit-1201084716/