Disney to cut down on consoles

Disney made a lot of money last year in general, except in one of their divisions - Disney Interactive. Which means games, of course. In fact, Disney Interactive was the only part of the entertainment giant that lost money, Joystiq reports. The loss? $245 million.

Going forward, the company is looking to shift around their operations a bit and will probably be investing more money into games for social platforms (such as Facebook, considering that Disney bought social games company Playdom earlier this year) and games for smartphones. "Consumers are obviously spending time playing games - from casual games online to mobile apps to social networking to console - and we felt all along that we need to be where the consumers are," Disney CEO Bob Iger told investors in an investor call.

Epic Mickey from Warren Spector's Junction Point Software is out next week, and we can be sure that a lot of people at Disney are keeping their eyes on that project right now.