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John Carter will lose millions - Disney

March 20 2012 at 02:53am

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Los Angeles - John Carter is now officially a flop of galactic proportions.

The Walt Disney Company said on Monday that it expects to book a loss of $200-million on the movie in the quarter through March.

That will cause Disney's movie studio to post a loss of $80-million to $120-million for the quarter.

The movie, about a Civil War veteran who is transplanted to Mars, has brought in about $184-million in ticket sales worldwide.

But its production budget is estimated to be about $250-million with an estimated $100-million more spent on marketing. - Sapa-AP


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