Walt Disney might lose $200 Million due to failures John Carter movie
Los Angeles – Walt Disney officially recognize the failure of the latest box office movie Andrew Stanton’s work, “John Carter”.
According to financial analysts, the loss would be a record in the studio’s history, due to reach U.S. $ 200 million.
The film’s budget is estimated at U.S. $ 350 million, including production and marketing process, not only have hurt the film. However, according to some experts, a number of advertisements and posters that displayed the movie really does not work.
The Hollywood Reporter called the film as “Deadly Boring” aka really boring.
John Carter “will be the same sad fate of the painting of Michael Cimino film” Gates of Paradise “(1980), which was a record for the world premiere of cash losses.
The scenario of “John Carter” is based on the first book of a trilogy of Edgar Rice Burroughs Mars War. In the story, a veteran of the U.S. Civil War, John Carter, starring Taylor Kitsch, happened to be on Mars, where he waited for a series of fantastic events, including love and war with the monster.
The film is packed with special effects, but people claim it’s ugly and surprising effect of making dull characters and look stupid.
Film critic wrote that “John Carter” is one film that undermine the spirit and last until the end, inexplicable and forever. ”
Previously, Andrew Stanton is famous for his animated films, like “Wall-E” (2008) and “Finding Nemo
The poor reception was a shock given Stanton’s directing success with movies like “Finding Nemo” and “Wall-E,” each of which won an Oscar for best animated feature.
Disney said the loss on “John Carter” will cause its studio to lose $80 million to $120 million for the quarter. Profits from other movies and home video disc sales will be more than wiped out.
Miller Tabak analyst David Joyce said the studio’s projected loss is more than double what he had expected, and that will cause him to trim his estimate for Disney’s earnings. The hefty spending on production and marketing is causing the Burbank, Calif., company to book the loss sooner than might be the case for a smaller-budget film.
“It’s good that Disney’s airing their dirty laundry now,” he said.
The flop ranks with history’s biggest box office disasters, although it’s tough to rank them precisely because of inflation and incomplete disclosure.
Disney’s eerily real computer animated movie “Mars Needs Moms” from last year cost about $150 million to make but only sold $40 million in tickets worldwide, according to Hollywood.com analyst Paul Dergarabedian.
Warner Bros.’ “Speed Racer” from 2008 cost about $120 million, but took in only about $94 million in theaters. Columbia Pictures’ “Ishtar” in 1987 cost about $40 million but sold only $14 million in tickets domestically, he said.
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