Well, as usual, I’ll start with the bad news first...

Disney Interactive Media reports $45 million loss

Disney Interactive Media, which includes Disney Interactive Studios, their online games, and mobile phone products, has released the first fiscal year quarter report. The report detailed that the company’s revenue increased by 13 percent, but in the end, lost over $45 million dollars.

Disney Interactive has reported it will be making some studios smaller and laying off some positions at development studio Propaganda Games.

With recent losses by many companies, Electronic Arts has also recently reported some losses from their recent fiscal year third quarter.


John Riccitello breaks out his EA plan for 2009

EA reported some significant losses for the third quarter of its fiscal year, and EA CEO, John Riccitello, might just have a plan. Riccitello explained that EA needs to get its operating costs down and to do better on the Nintendo Wii.

EA will be working hard on their EA Sports franchises, taking in a new Tennis game, and also is planning to release EA Sports Active. The company also mentioned Dead Space for Wii, and that they want to “rival Nintendo on their own platform.”

This could be the plan EA needs to get ahead on the Wii market.

Now onto the more happy news of today’s daily round up on Page 2...