Disney Expects $200 Million Loss From Epic Flop John Carter

Rivers of digital ink have been spilled trying to figure out exactly how poorly John Carter will perform at the worldwide box office. Most of it was conjecture and analysis, but Disney has released a statement that lays out more solid figures:

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.

As The Associated Press notes, that loss places John Carter among history’s great box-office flops alongside Disney’s Mars Needs Moms, Warner Bros.’ Speed Racer and Columbia’s infamous Ishtar.

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Comments

  • Tater

    How the hell is 184 Million a flop in its first two weeks?

  • Bass Guitar Hero

    Because half of that 184 million goes to the movie theaters (so it’s really 92 million). It needs to make 600 million worldwide to cover its 300 million price tag (200 million budget + 100 million marketing campaign). Its unlikely it has the legs to make that.

  • Robertmm66

    I saw with my kids (11 and 10) and we all really liked it. I have no idea why it can’t find its audience. Sad really because its pretty good.

  • fred

    still a great movie.
     

  • Theotherbluth

    I know some of the ticket revenue goes to the theater, but I didn’t think it was 50%. I thought I had read previously that the reason for high concession prices was that the studios take somewhere around 70-80% of ticket revenue for the first two weeks and then less gradually as the weeks go by. I could be wrong though. I am bummed that this movie recieved such a bad rep from the get-go. It seemed to me that the media wanted it to do bad, because there were a ton of reviews that slammed the movie. I saw it anyways, because I like to think for myself, and I thought it was really cool. It won’t win any oscars, but the story was engaging and the effects were awesome, just good old-fashioned FUN.

  • Guydc3

    So I guess that eliminates any chance of a sequel? 

  • Johnmarshian

    Guys: on average it take a tent pole title 2-3 years to start turning a profit (i work for a studio and can verify this).

  • sandwich eater

    I saw it over the weekend, and I liked it.  Unfortunately, there will probably be much worse movies this year that make more money than John Carter.

  • http://pulse.yahoo.com/_QKN5MHOI6VUFOYCTV5REK7M7A4 Jacob

     Because Disney did an awful job of marketing it.

  • Lord Prong

    Like Wrath of the Titans and anything to do with shiny vampires…

  • http://www.facebook.com/profile.php?id=874340536 Daniel Isaac Penland

    Really unfortunate, I thought it was a solid, fun adaptation.

  • http://www.flufferdesigns.com/ ellis

    took my kid today and we both enjoyed it – agreed that it wasn’t marketed properly – i probably wouldn’t have given it a second thought if not for standing in front of a display at the theatre one day and noticing the screenwriter credits

  • Rhiannon

    Fortune hasn’t been kind to Disney lately. First “Mars Needs Moms” and now this.