Disney Interactive have unveiled their financial results for the quarter ending December 27th, the firm conceding a loss of 45 million USD off of 313 million USD.

Despite the hefty loss, sales during the third-quarter of 2008 were actually up 13% on 2007, but this was not enough to prevent the publisher laying-off 50 staff at various facilities.

"We faced a challenging first quarter with many of our businesses impacted to various degrees by the economic downturn," admitted boss Robert Iger.

"We are forcefully confronting current circumstance while investing in the great creativity, brands and assets that are Disney’s strengths and keys to its long-term success."

By Luke Guttridge