Disney confesses ‘John Carter’ will result in a $200 million loss for them
Disappointing box-office performance amidst mixed reviews lead to a substantial loss for Disney.
‘John Carter’ was a strictly mediocre movie that I really wanted to love because it could have been so much more, especially considering the excellent Pixar director Andrew Stanton behind it. But in the end, it was a disappointing affair that also tanked at the box-office for the most part thanks to it’s over-inflated $250 million budget. Now, Disney has indeed confessed themselves that the movie will result in a substantial loss for them.
Deadline has the words of Disney’s statement regarding the film and here it is:
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. As we look forward to the second half of the year, we are excited about the upcoming releases of The Avengers and Brave, which we believe have tremendous potential to drive value for the Studio and the rest of the company.
Keep in mind that the statement only talks about the loss the film will cause solely on the theatrical performance of the film and not the home video one later on, but it’s still disheartening to see a studio publicly write off a movie that’s still in theaters. But no one was expecting any better and they’re just making themselves clear to their investors. This kills any hope for a sequel for sure, which I honestly think could have been a better film if mistakes from this one were fixed.
Did you like ‘John Carter’?