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John Carter flop to cost Walt Disney $200m

Started by Admin , Mar 20 2012 06:23 PM

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#1 Admin

Co-Owner & Editor

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15,079 posts

Location: UK

Posted 20 March 2012 - 06:23 PM

Walt Disney has said it expects to lose $200m (£126m) on its movie John Carter, making it one of the biggest flops in cinema history. The film, about a military captain transported to Mars, could result in an $80-120m loss for Disney's movie business during the current quarter.

Disney shares fell 1% in after hours trading after the announcement. The firm is still likely to make a substantial quarterly profit, though, thanks to its TV businesses.

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