The Walt Disney Company reported a strong third quarter in earnings with diluted earnings per share increasing by 31 percent to $1.01 from $0.77, but the interactive arm of the business fell short, with revenue decreasing by 22 percent.
While the rest of the business pulled in $11 billion in revenue in April-June 2012, their video game studios lost $55 million in the year ending June 2012.
The interactive arm of the business reported a decrease in revenue for the third quarter, with the business bringing in $196 million in revenue compared to $251 million earned during the same period in the previous year.
Disney attributed the decrease in revenue to lower sales volume, which reflected fewer significant titles in release in the current...
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