Steve Wadsworth News
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Walt Disney Co .’s money-losing interactive media unit cut 29 percent of its workers in video- game development for consoles, according to a person with knowledge of the decision.
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Walt Disney Co. said Steve Wadsworth will step down as president of the company’s Interactive Media Group.
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Walt Disney Co. acquired Tapulous Inc., a developer of music-related video games for Apple Inc.’s iPhone and iPad, to expand its mobile business.
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Four years ago, Bob Iger , the chief executive officer of Walt Disney Co. , tried to build a cell- phone business. Disney created a family-oriented service that included global positioning so parents could track their kids.
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Walt Disney Co. named Playdom Chief Executive Officer John Pleasants and James Pitaro, head of Yahoo! Inc.’s media unit, co-presidents of the interactive media group, revamping digital operations to reverse losses.
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Walt Disney Co. is in talks to buy Playdom Inc. , maker of video games played on the Facebook social-networking website, according to a person with knowledge of the negotiations.
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