Shacknews reports Disney is tripling its spending on video game development:
The media giant will seek to triple their current $100 million yearly investment in the video game industry, Disney executive Thomas O. Staggs (pictured left) said on Friday. "Over the next five years or so we are ramping up to about a pace of $350 million per year in video game investment, principally consoles and hand-helds," he stated, according to the LA Times.
Last year Disney made several moves to increase its stock in the industry, including the signing of a publishing deal with Tetsuya Mizuguchi's studio Q Entertainment, as well as the acquisition of Propaganda Games, Avalanche Software, Climax's racing dev studio, and the rights to the Turok franchise. The company also formed Fall Line Studio, a developer entirely focused on creating games for the Nintendo Wii and DS.