Disney hopes to make games division profitable by 2013
Plans 25% cost cutting on top of last month's job losses
The Disney Interactive Media Group will be profitable again by 2013, its new bosses have claimed.
John Pleasants and James Pitaro took over Disney's games division as co-presidents last year, but so far have proven unable to reverse the department's string of losses.
The rarely-seen pair have already laid off a number of jobs and closed Vancouver's Propaganda Games, but told investors (as reported by PaidContent) that they plan an additional 25 per cent drop in operating costs in order to "scale the business in a true march to profitability."
The division will increasingly turn to mobile, social and online gaming instead of console, focusing on its Playdom business, Club Penguin and a virtual currency system across its network of sites and services.