John Carter a Flop Admits Disney
Company expected to write off $200 million . . .
“In light of the theatrical performance of John Carter ($184 million global box office), we expect the film to generate an operating loss of approximately $200 million during our second fiscal quarter ending March 31. As a result, our current expectation is that the studio segment will have an operating loss of between $80 and $120 million for the second quarter.”
This loss is even bigger than some analysts predicted it would be.
This will make John Carter one of the biggest box office flops of all time along with the ill-famed likes of Ishtar and Heaven’s Gate.
Last year Disney also lost a fortune with Mars Needs Moms, which cost $150 million to make but only grossed $39 million worldwide.
Here is the rundown thus far:
a.) John Carter went over budget and thanks to costly reshoots cost almost a quarter-billion dollars to make! Add to this another $100 million’s marketing expenditure . . .
b.) In the States the movie made a mere $30.2 million in its opening week and $13.5 in its second week.
c.) The movie did better outside the States where the movie took $126 million abroad in the 10 days since its March 9 release date.