Who needs John Carter when you have Harry Potter?  

Kirby

On Mar 20, 2012, at 2:42 AM, Ari Richards wrote:

> Thats because these darn young whipper snappers don't know how to read. 
> Especially not the great adventure books from the Silver age  ;)
> And I would wager that not many Women read ERB at the time either. 
> 
> Ari
> 
> From: David Kusumoto <[email protected]>
> To: [email protected] 
> Sent: Tuesday, 20 March 2012 12:39 PM
> Subject: [MOPO] OT: Disney expects $120 million operating loss due to 'John 
> Carter.'
> 
> I wonder how much the negative buzz that preceded the film - turned out to be 
> a self-fulfilling prophecy for some.  It seems the industry loves a loser as 
> much as it loves a winner.  But there's no doubt that the women I know - had 
> near zero interest to see this picture.  In the industry trades, I kept 
> reading about how the film ended up skewing toward older men, as in WAY older 
> men, not just simply "the over 25s." -d.
> 
> ========================================
> 
> TUESDAY, MARCH 20, 2011
> Disney's $200 Million Charge
> 'John Carter' Proves a Huge Loss for Disney,
> Spurs New Focus on Cutting Costs
> By ERICA ORDEN FOR THE WALL STREET JOURNAL
> 
>      Walt Disney Co. expects to lose $200 million on its science-fiction epic 
> "John Carter," the company said on Monday, citing the costly movie's weak 
> box-office performance.
>      As a result, Disney added, its movie studio is expected to report an 
> operating loss of between $80 million and $120 million for its fiscal second 
> quarter, ending March 31. Disney won't report its earnings for the quarter 
> until May, and rarely offers such advance financial guidance.
>      The studio recorded an operating profit of $77 million during the same 
> quarter last year—even though that period included another big-budget flop, 
> "Mars Needs Moms."
>      "John Carter," which cost more than $250 million to make and an 
> additional $100 million to market, has been a box-office bomb, particularly 
> in the U.S., where its cumulative domestic earnings total $53.2 million 
> during its first 10 days in theaters. The movie has fared somewhat better 
> abroad, grossing $130.8 million outside the U.S. and Canada since its March 9 
> opening. But those results are disappointing for a film that was one of the 
> studio's most expensive in years.
>      "It certainly didn't meet the expectations of what I wanted or what I 
> needed," Disney Studios Chairman Rich Ross said in an interview last week.
>      The film, about a Civil War veteran transported to a planet populated by 
> alien creatures called Tharks, came in third in the weekend's box-office 
> ticket sales results, behind rivals "21 Jump Street" and "Dr. Seuss' The 
> Lorax."
>      In addition to its significant expense, "John Carter" suffered from an 
> array of handicaps, including a lack of recognizable stars—the film featured 
> actors Taylor Kitsch and Lynn Collins, neither of whom are household 
> names—and a marketing campaign that was widely considered indecipherable and 
> visually unappealing.
>      During Disney's recent shareholders meeting, Chief Financial Officer Jay 
> Rasulo brushed aside an inquiry about the movie's results, saying that "it's 
> very early to talk about the financial impact of that film."
>      Partly in response to costly projects such as "John Carter," Disney 
> executives say they have taken a tougher look at production budgets for its 
> films, most notably for upcoming release "The Lone Ranger," on which the 
> studio halted production when its projected costs had surpassed $260 million.
>      In a statement on Monday, the company emphasized the prospects of its 
> upcoming films. "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."
> Visit the MoPo Mailing List Web Site at www.filmfan.com
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