John Carter will end up costing Disney about $200 million
Finally admitting that advertising John Carter as “the year’s first blockbuster” may have been a slight hyperbole, Disney has announced that the film’s poor returns will force it to make a $200 million write-down—an accounting term for when studios write down the words “$200 million” on a piece of paper and then symbolically set it on fire, allowing the cleansing smoke to fill its eyes with an ablution of tears. “As a result, our current expectation is that the Studio segment will have an operating loss of between $80 and $120 million for the second quarter,” Disney said in a statement issued to shareholders, who tried yet failed to find themselves comforted by the included images of Goofy taking a hilarious tumble in its margins.