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Disney expects $200-million loss on 'John Carter'

March 19, 2012
(Frank Connor / Disney…)

Walt Disney Co. said it expects to incur a loss of about $200 million on its big-budget sci-fi film, "John Carter,"  based on box-office results.

The film's theatrical performance -- which brought in $184 million in global box-office sales, well shy of expectations -- will drag the film studio to an operating loss that Disney estimated at $80 million to $120 million for the company's second quarter.

Wall Street analysts had projected a write-down for the film, which cost an estimated $350 million to make and market. One analyst estimated losses would approach as much as $165 million, based on uneven reviews and pre-release surveys of prospective moviegoers.

The Martian adventure story was based on a century-old science fiction series that had inspired other filmmakers, including George Lucas and James Cameron. It was intended as a potential new franchise, which would fuel merchandise sales, theme park attractions and lead to film sequels.

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-- Dawn C. Chmielewski, Los Angeles Times

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