Disney reportedly planning sale of gaming division FoxNext

first_imgDisney reportedly planning sale of gaming division FoxNextMarvel Strike Force studio headed out as Disney CEO Robert Iger expresses desire to exit games entirelyRebekah ValentineSenior Staff WriterWednesday 11th September 2019Share this article Recommend Tweet ShareCompanies in this articleThe Walt Disney CompanyDisney is reportedly planning the sale of its game-focused business FoxNext, reinforcing its aim to exit game development and publishing entirely.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games Bloomberg reports that Disney is currently planning the sale of the studio with the decision driven by CEO Robert Iger. Though executives such as direct-to-consumer chief Kevin Mayer have expressed interest in retaining the arm, Iger wants to leave the business of making games behind.FoxNext was created as an arm of 21st Century Fox in 2017, and was then primarily responsible for VR, AR, and location-based entertainment. The studio was acquired last year by Disney as a part of a larger acquisition of assets from Fox, and its free-to-play mobile game Marvel Strike Force grossed $150 million in revenue as of its first anniversary in March of last year.The possible sale of FoxNext is consistent with Disney’s past attitude toward the games business, with the company shuttering Disney Infinity and its studio, Avalanche, back in 2016 as part of a move to exit games publishing. It has since preferred to license its properties out, though the games developed by FoxNext were one of its few remaining holdouts.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Mobile newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesDisney shuts down Club Penguin copy over abusive messages and “e-sex”UK police arrest one man involved on suspicion of possessing child abuse imagesBy James Batchelor 11 months agoDisney wants developers to “reimagine” its IP for video gamesExec invites DICE Summit attendees to “come and play” with its catalogueBy James Batchelor A year agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more