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Disney acquires UTV Ignition majority stake

Published on 02/02/2012 by in gamedev, layoffs

Confirming what has been widely predicted for some time now, Disney has acquired a majority stake in El Shaddai and Quarrel publisher UTV Ignition.

This comes less than a year after massive layoffs across much of Disney’s video games related interests, in that depressingly stupid pattern of layoffs, rehires and acquisition familiar to anyone who follows games industry news. Come to think of it, didn’t the 2011 layoffs at Disney include some social games and digital-distribution-oriented studios, supposedly the very area that Disney is now targeting?

Maybe I just don’t understand business.

Source: GameInformer

 
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