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‘John Carter’ a $200 Million Bust

GALACTIC FAIL

Disney projects loss on movie.

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Frank Connor / Walt Disney Studios

Sci-fi action flick John Carter has officially unspooled for Disney, with the company saying Monday that it expects to mark down a $200 million loss, making it one of the biggest bombs in the history of Tinseltown. The movie is reported to have brought in $184 million in worldwide ticket sales, but that has hardly been enough to save the $250 million project, on which around $100 million more was spent on marketing, from folding like a dwarf star. The movie’s failure is a blow to the career of director Andrew Stanton, who had reached both mass-market success and critical acclaim with Finding Nemo and Wall-E.

Read it at Associated Press