Looking to keep the stockholders at ease, Disney has issued a short press release regarding John Carter‘s anemic box office gross thus far.
“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.”
The Pulse: Well, those Mickey Mouse guys needed to do something to keep the stockholders from jumping ship to Apple. Honestly, the film division, outside of Pixar, has had problems when it comes to producing tentpole pictures. What’s sad is that John Carter isn’t a bad movie. It’s much better than the fourth Pirates of the Caribbean adventure and Alice in Wonderland, and they went on to gross over $1 billion apiece globally. Go figure.
Tags: box office, Disney, John Carter, Walt Disney