[Movies] Disney Expecting $200 Million Loss on John Carter Posted by Jeremy Thomas on 03.19.2012
A major blow for the studio...
Disney has announced that it expects to take a $200 million hit on John Carter. Deadline reports that the studio revealed the news today. The film has made $184 million worldwide but had an estimated budget of $250 million, not including the money spent on advertising.
The loss means the studio division will have an overall operating loss of between $80 and $120 million for the second fiscal quarter.
Disney did say however they they are optimistic of the rest of the year thanks to films like The Avengers and Brave, which they say have"tremendous potential to drive value for the studio and the rest of the company."