The Walt Disney Company announced today during their second quarterly earnings for 2016 that the fan-favorite Disney Infinity game series has been cancelled and the company has “discontinued their self-published console games business.” They confirmed that going forward their strategy will be to focus their video game content on licensing the games to other developers and publishers.
Despite the staggering numbers run up by blockbuster movies such as Star Wars: The Force Awakens and Captain America: Civil War, Disney’s second-quarter revenues and profits came in below analysts’ expectations for the first time since March 2011. As a result, overall profit and revenue, while each increasing, missed Wall Street’s expectations, a rarity for Disney. Shares of Disney fell about 6 percent in after-hours trading, to about $100.85. Continue reading
