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Disney Interactive posts $9 million in profit for first quarter

Michael McWhertor is a journalist with more than 17 years of experience covering video games, technology, movies, TV, and entertainment.

Disney's video game division posted revenues of $291 million during the most recent quarter ending Dec. 31, 2012, a four percent increase over the year prior.

According to an earnings release from the company, Disney Interactive posted $9 million in net income for the holiday quarter, compared to a loss of $28 million from the same period the previous year. During the quarter, Disney released a handful of games, including Epic Mickey 2: The Power of Two, Epic Mickey: Power of Illusion, Wreck-it Ralph for iOS and Toy Story Mania for PlayStation 3 and Xbox 360. The company did not provide detail on the performance of its console and mobile games in an earnings release.

Disney attributed the higher operating results to lower acquisition accounting impacts at the interactive division's social games business and growth at its Japan mobile business from new licensing agreements.

In January, Disney confirmed the closure of Austin-based Junction Point Studio, the developer of two Epic Mickey games. Disney Interactive also announced Disney Infinity, a multiplatform game that executives called a "big swing factor" for the company's video game arm.

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