Disney ramping up push into games market: CFO
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Walt Disney Co.  will triple the amount of money it spends developing video games to benefit from strong growth prospects in the global market, the entertainment company's chief financial officer said on Friday.
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Walt Disney Co.  is increasing investment in video games for hand-held devices and plans to look for acquisitions of small game publishers and developers, Disney consumer products Chairman Andy Mooney said on Monday.
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Walt Disney Co. sees improved  margins at its theme parks and better profitability at its film  division in fiscal 2007, its chief financial officer said on  Tuesday.
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The Walt Disney Company yesterday took steps to rein in stock options awards for senior executives and tie such benefits more closely to the entertainment company&#39;s financial performance.
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Game makers need to do more to appeal to casual players, according to the head of Electronic Arts.
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Disney is expanding its line of media players and offering movies on memory cards.
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Although he may face strong competition from rivals outside the company, Walt Disney Co. president and chief operating officer Robert Iger was assured by Disney&#39;s board of directors Tuesday
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Strong sales and lower production costs should boost Sony's take on game console, exec says.
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Shares of video game makers rose sharply Friday after analysts reported industry sales increased 11 percent last month due mainly to the strength of two blockbuster titles that have proven to be the holiday season&#39;s biggest sellers.
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Intent on becoming a  major player in the gaming industry, Disney Interactive on  Thursday used the E3 Media & Business Summit in Santa Monica,  California, to unveil a slate of games aimed at the family  audience and traditional gamers and also announced DGamer, a  connected community for the Nintendo DS.
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DVD releases of "Cars" and "Pirates of the Caribbean: Dead Man's Chest" and ad revenue from ESPN's Monday Night Football are expected to boost Walt Disney Co's  first-quarter earnings by a double-digit percentage.
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The company said it was ramping up production of the game console, but that parts manufacturers were still trying to gauge how much they need to produce to keep up with demand.
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TechWeb - Nielsen/NetRatings suggests price and a focus on average customers is helping Nintendo&#39;s numbers.
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(InfoWorld) - In only one week, Apple Computer's iTunes Store generated $1 million in movie sales for Walt Disney, and that's "just the beginning," the head of Disney said Tuesday. By the end of this year, Disney expects to reap $50 million in movie sales through the iTunes Store "at no marketing expense to us at all," said Robert Iger, chief executive officer of Disney, at a conference put on by The Goldman Sacks Group and webcast over the Internet. Disney became the first company to offer movies through the iTunes Store last week, a total of 75 films including new titles such as "Pirates of the Caribbean: The Curse of the Black Pearl," and older classics such as "The Incredibles" and "Cinderella." The initial success of the venture, with over 125,000 Disney titles sold in a week, should help boost confidence in the Internet as a lucrative place for entertainment companies to deliver content to users. It should also help allay fears over movie piracy, an issue the movie and recording industry has fought a tough battle against. "We are very, very bullish on consumption over electronically delivered media and we're taking a very optimistic view of technology as a friend, or a great enabler, and not a great predator," Iger said. Disney plans to expand the number of movies it offers through iTunes and the number of Web-based stores where users can buy its movies. "This is not exclusive to Apple," he said. During the Goldman conference, Iger also praised Apple CEO Steve Jobs and his performance asÂ a Disney board memberÂ for bringing in his ideas on new opportunities for media in the Internet age. "He has become, very quickly, not only a great sounding board but a great advisor, someone I can turn to readily for advice in a lot of these areas," said Iger. Jobs became a major shareholder and board member of Disney after the media and entertainment giant bought computer animation studio Pixar earlier this year. Jobs had been head of Pixar and a major shareholder in the company. An audio webcast of comments by Iger can beÂ accessed here.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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LOS ANGELES - Video game executives believe consolidation will be crucial to their future, but they also want further cuts to hardware prices to boost short-term growth, according to a report set for release this week.
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DVD releases of "Cars" and "Pirates  of the Caribbean: Dead Man's Chest" and ad revenue from ESPN's  Monday Night Football are expected to boost Walt Disney Co's  first-quarter earnings by a double-digit percentage.
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Walt Disney Co.  will triple the  amount of money it spends developing video games to benefit  from strong growth prospects in the global market, the  entertainment company&#39;s chief financial officer said on Friday.