Disney Interactive drops $45 million

By Patrick Garratt, Thursday, 5 February 2009 09:53 GMT


Disney Interactive has posted a $45 million loss for the quarter ending December 27.

Sales rose 13 percent to $313 million in the period.

“We faced a challenging first quarter with many of our businesses impacted to various degrees by the economic downturn,” said Disney boss Robert Iger.

“We are forcefully confronting current circumstance while investing in the great creativity, brands and assets that are Disney’s strengths and keys to its long-term success.”

The company’s North American studios took a staff hit to the tune of 50 staff last week.

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