First for music news
This Week's Issue
You’re logged in

March 20, 2012

Disney to lose $200 million on 'John Carter'

The Mars-set action epic is shaping up to be one of the biggest flops of all time

Video: John Carter - Trailer

Disney's John Carter is set to lose up to $200 million ($126 million) for the studio, making it one of the biggest box office flops in cinema history.

The action movie, about a military captain transported to Mars, has taken no more than $184 million worldwide, with cinema owners taking around half that total. It cost an estimated $250 million to make, with another $100 million likely spent on marketing.

The failure of the film could now result in a $80-120 million loss for Disney's movie business in the current quarter. Disney's shares were down almost 1% after early trading in New York, according to BBC News. The firm is still likely to make a substantial quarterly profit, though, thanks to its TV businesses.

The film had been a labour of love for the director, Pixar's Andrew Stanton, who has achieved great success with Finding Nemo and Wall-E. But his foray into live action has not captured the public imagination.

John Carter is based on a series of books by Tarzan author Edgar Rice Burrows, which began with A Princess Of Mars in 1912 and ended with John Carter Of Mars, published after the author’s death in 1964.

Last year's biggest flop was Mars Needs Moms, which cost $150m to make and only took $39m at the box office. You can watch the trailer for John Carter at the top of the page.

Read More On This Artist

Comments

Please login to add your comment.

Latest Videos
Latest Tickets - Booking Now
 
NME Store & Framed Prints
Most Read News
Popular This Week
New Issue Out Now
Inside NME.COM
Newsletter

Free weekly music news, videos and MP3s in your inbox

On NME.COM Today