Craig and Adam have Infinity game systems and
now 300 people are going to be unemployed in Salt Lake, and
Craig and Adam won't be able to add to the Infinity system.
The Infinity system was NOT cheap, nor were the characters. I have talked
to Craig and he is not sure what this means. I don't understand the system
so I don't know if they can continue to play with the systems and the characters
they already have.
Two
more Disney Infinity playsets, based on Alice
Through the Looking Glass and Finding
Dory, are coming in June. However, it sounds like those will be the
final two ever released for the game.
300
jobs lost » Avalanche Software shut down by Disney after weak earnings report.
Disney
is ending its Infinity line of video games and closing the Salt Lake City-based
subsidiary that developed them — creating a reported loss of about 300 jobs.
News
that Disney would discontinue the games, in which toy figures of Disney
characters were incorporated into a console video game, came in a quarterly
earnings report Tuesday that fell short of forecasts, the Associated Press
reported.
The
company based in Burbank, Calif., said it had second-quarter earnings of $2.14
billion, or $1.30 per share. Earnings, adjusted for non-recurring costs, came
to $1.36 per share.
The
adjusted results, which exclude the $147 million charge — or 6 cents per share
— for shutting the Infinity division down, fell short of Wall Street
expectations. The average estimate of 11 analysts surveyed by Zacks Investment
Research was for earnings of $1.40 per share.
The
game was developed by Avalanche Software, a Salt Lake City company that was
launched in 1995 and which Disney acquired in 2005.
In a
statement, John Blackburn, Avalanche's co-founder and senior vice
president/general manager of Disney
Infinity, thanked Disney Interactive's staff, including "the
incredible Avalanche team for their tireless dedication to this project."