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 were down almost 1% in early trading in New York. The firm is still likely to make a substantial quarterly profit, though, thanks to its TV businesses.
It is estimated that John Carter cost $250m to make and it is likely that Disney spent another $100m on marketing
Now I have a few questions, having seen the movie with my kids.
- How did they spend $250 million
- Why again
The movie was ok but after taking my two kids, + drinks + food I would suggest waiting until it comes out on Video.