Disney is going to regret making John Carter. On Monday, the studio released a statement projecting a total loss of $200 million:
So far, the film about a former military captain who is transported to Mars, has generated $184 million in ticket sales worldwide. That is far shy from the audience needed to earn back the movie’s estimated $250 million production budget, plus tens of millions more that Disney spent on advertising.
After this news, Disney shares dropped 1 percent.
While this won’t affect Disney long-term, it’s still a massive flop.