Disney Predicts $200 Million Loss on John Carter
Biggest. Bust. Ever: "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." [Disney via Deadline]
Subscribe to the new Movieline on YouTube
Comments
Sure, the film way underperformed, but this statement is likely more about managing expectations for the Street, combined with some of that studio math that Peter Jackson knows all about.
Also, and I almost never do this, but: http://io9.com/5894393/the-fact-the-lorax-is-a-hit-and-john-carter-is-a-flop-makes-me-want-to-stab-everybody
A more descriptive title would've helped. Something like, John Carter of Mars.
That's really too bad. I really liked the movie.
Did John Carter come to every blogger's house in the night and violate them? You'd think so from the amount of vitriol spilled on the pages of Deadline.
It's down. The point is made, the damage done. The general audiences responded in kind, so why go for the kill?
(For the record, I thought the film was basically Chronicles of Riddick beat for beat, but damn Tim Riggins' charm worked on me and I enjoyed myself).
First of all, that's Deadline baby. The commenters here, it's like AP class in high school. Every once in a while a little testy, but otherwise mainly bright and agreeable. Whereas Deadline commenters tend to be very, very bitchy. Also, when Drudge links to them, they get the knee-jerk political types. Kinda like when Stu writes a post about Ron Paul, but not as entertaining.
Oh, yeah, and I enjoyed the film alot. I was one of the apparently few and far between that also thought the guy who played Carter had a decent swagger and roguish charm that worked for the character. I enjoyed the picture, and it's a damn shame it didn't do so well because I'd like to see more. Still...the Tron sequel didn't do so well and they're making another one of those...
It is widely believed that Disney intentionally killed "John Carter." The horrible marketing campaign (laughably bad) certainly seems to support that theory.
Re: "we expect the film to generate an operating loss of approximately $200 million"
They're "expecting" and "generating" ... even if its Mars-sized losses, who are you to criticize such a non-plussed positive and power word-loyal company? Management (along with cockroaches), if not sentience, will survive us all: it breeds on less than nothing.
Bravo Patrick. Bravo. The press release Disney put out is about managing expectations, and nothing more. Suits love the artful manipulation of words that, with great volume, can say very little.
They could pay for this film 3 times over with the amount of cash Avengers in going to bring in.
Im obliged for the article.Thanks Again. Want more.