Mars Needs Moms Flop Drags Down Disney

Subscribe to Walt Disney alerts

While a single blockbuster movie can lift a media conglomerate's earnings dramatically, the latest quarterly earnings report from the Walt Disney Co. indicates that a single big-budget flop can pull it down just as dramatically. Such was the case with the failure of Disney's Mars Needs Moms, which cost $150 million to produce but earned just $37 million at the box office -- worldwide. In a conference call on Tuesday, Disney CFO James Rasulo noted that comparisons were particularly tough given the fact that a year ago the studio released two of the year's biggest hits -- Alice in Wonderland and Toy Story 4 . This year's box office reversal pushed profits for Disney's studio entertainment unit down 65 percent, an amount that today's (Wednesday) Los Angeles Times described as "staggering." On the other hand Disney reported significant growth in its broadcast and cable units, led by cable sports network ESPN which reported record figures, due in large part to rising ratings for its NBA telecasts.



Tags: Walt Disney - Adrien Brody - Cameo - Carla Bruni - Kathy Bates - Marion Cotillard - Michael Phillips - Michael Sheen - Owen Wilson - Academy Of Motion Pictures And Sciences

Subscribe to Walt Disney alerts

More Walt Disney

The Incredibles 2, Finding Dory: Assessing Animated Sequels, Old And New

You don’t have to be a under 12 years old to be a fan of animated movies (we are probably the best example of this!),...

Is 'Frozen' The Best Disney Movie Of All Time?

If we told you that Frozen looks set to overtake Toy Story 3 as the highest grossing animated feature film of all time, would you...

Mars Needs Mom, R.I.P.D, 13th Warrior: The Forgotton Box Office Flops

You know that old saying ‘Money can’t buy you happiness’? Well it can’t buy a box office hit, either! You can pump millions of dollars...

Meryl Streep Toasts Emma Thompson And Roasts Walt Disney

Meryl Streep has been a self-professed feminist throughout her career and she walked the walk on during Tuesday night’s National Board of Review gala in...


Diane Disney Miller Dies, Aged 79

Diane Disney Miller, the daughter of Walt Disney, has died at her home in Napa, California, following complications to her health acquired during a fall...

Pixar's 'The Good Dinosaur' Delayed Until 2015 After Losing Director

Walt Disney Pictures have delayed yet another movie, with the latest victim being Pixar film 'The Good Dinosaur'. Disney have pushed it back nearly 18...

Woody Allen Will Be Honoured At Golden Globes With Lifetime Achievement Award

Woody Allen is to be awarded the Golden Globes' Cecil B. De Mille Award at next years awards show, the Hollywood Foreign Press Association (HFPA)...

Supercalifragilisticexpialidocious - Tom Hanks In Saving Mr. Banks [Trailer + Pictures]

The long-awaited Walt Disney film, featuring Tom Hanks as the controversial man himself, is getting closer and closer, and we’ve got some stills of Hanks...



Walt Disney Newsletter

Subscribe to this news alert service to receive news and reviews on Walt Disney

Unsubscribe | Unsubscribe All