Click to Skip Ad
Closing in...
First Official Image: Andrew Garfield In Martin Scorsese's 'Silence' First Official Image: Andrew Garfield In Martin Scorsese's 'Silence' Joss Whedon Shot An Alternate ‘Avengers: Age Of Ultron’ Ending Where [Redacted] Doesn’t Die & Much More Joss Whedon Shot An Alternate ‘Avengers: Age Of Ultron’ Ending Where [Redacted] Doesn’t Die & Much More First Look: Adam Driver, Lupita Nyong’o, And More In 'Star Wars: The Force Awakens' First Look: Adam Driver, Lupita Nyong’o, And More In 'Star Wars: The Force Awakens' First Look: Harley Quinn & The Entire 'Suicide Squad' Cast In Full Costume First Look: Harley Quinn & The Entire 'Suicide Squad' Cast In Full Costume Director Josh Trank Reportedly Fired From His ‘Star Wars’ Film For “Erratic" Behavior On The ‘Fantastic Four’ Set Director Josh Trank Reportedly Fired From His ‘Star Wars’ Film For “Erratic" Behavior On The ‘Fantastic Four’ Set Robert Downey Jr. Trashes Indie Moviemaking, Fires Back Over Alejandro Gonzalez Inarritu's Superhero Diss Robert Downey Jr. Trashes Indie Moviemaking, Fires Back Over Alejandro Gonzalez Inarritu's Superhero Diss 8 Westerns Not Set In The Old West 8 Westerns Not Set In The Old West First Look: Clear Photos Of Ben Affleck In Costume From 'Batman V. Superman: Dawn Of Justice' First Look: Clear Photos Of Ben Affleck In Costume From 'Batman V. Superman: Dawn Of Justice' Kristen Stewart Says "Hollywood Is Disgustingly Sexist," Questions When Actresses Decide To Go Nude Kristen Stewart Says "Hollywood Is Disgustingly Sexist," Questions When Actresses Decide To Go Nude Warner Bros' DC Comics' Franchise Is Reportedly A Big Movie Universe Without A Clear Leader Warner Bros' DC Comics' Franchise Is Reportedly A Big Movie Universe Without A Clear Leader Data On Netflix Original Programming Reveals Everyone Is Watching 'Daredevil,' Not Tuning Into 'Bloodline' Data On Netflix Original Programming Reveals Everyone Is Watching 'Daredevil,' Not Tuning Into 'Bloodline' Rumor: Asa Butterfield Is The Frontrunner To Play Marvel's Spider-Man Rumor: Asa Butterfield Is The Frontrunner To Play Marvel's Spider-Man Ranked: All The Characters Of The Marvel Cinematic Universe Ranked: All The Characters Of The Marvel Cinematic Universe Marion Cotillard, Léa Seydoux, Vincent Cassel & More To Star In Xavier Dolan's Next Film 'Only The End Of The World' Marion Cotillard, Léa Seydoux, Vincent Cassel & More To Star In Xavier Dolan's Next Film 'Only The End Of The World' Cannes: New Images From 'Macbeth' Starring Michael Fassbender And Marion Cotillard Cannes: New Images From 'Macbeth' Starring Michael Fassbender And Marion Cotillard New NSFW, Extremely Graphic, Adults-Only Poster For Gaspar Noe's 'Love' New NSFW, Extremely Graphic, Adults-Only Poster For Gaspar Noe's 'Love' The 25 Best Films Of 2015 We've Already Seen The 25 Best Films Of 2015 We've Already Seen The 25 Best Horror Films Of The 21st Century So Far The 25 Best Horror Films Of The 21st Century So Far The 20 Best TV Shows Of The 2013/2014 Season The 20 Best TV Shows Of The 2013/2014 Season Best To Worst: Every Marvel Movie Ranked Best To Worst: Every Marvel Movie Ranked

Disney's Cancellation Of Henry Selick's Stop-Motion Animated Film Costs Them $50 Million

Photo of Kevin Jagernauth By Kevin Jagernauth | The Playlist September 13, 2012 at 3:39PM

It's understandable that following the colossal flop of "John Carter" and the money woes of "The Lone Ranger" (which has still managed to go over budget and behind schedule), Disney would be tightening their belt. But it seems even as they try to save money, they manage to lose some at the same time. You're doing it wrong, guys. So to add to what has been a bumpy 2012, it looks like accountants and executives will have more explaining to do.
2
Henry Selick

It's understandable that following the colossal flop of "John Carter" and the money woes of "The Lone Ranger" (which has still managed to go over budget and behind schedule), Disney would be tightening their belt. But it seems even as they try to save money, they manage to lose some at the same time. You're doing it wrong, guys. So to add to what has been a bumpy 2012, it looks like accountants and executives will have more explaining to do.

CFO Jay Rasulo told the Bank of America Merrill Lynch Media, Communications & Entertainment Conference in Los Angeles that the studio is taking a $50 million dollar write-down (meaning the overall value of the company is taking a hit) due to the cancellation of Henry Selick's stop-motion animated film last month. It was a rather surprising move considering the movie had an October 2013 release date, and Selick had already done early promo for the picture. The project was one being shepered under Selick's Cinderbiter production shingle, and while Disney left the door open for him to take the movie elsewhere, we're coming on a month now and nothing has happened.

All told, the aborted movie will cause a 2 cent per-share hit on earnings. But it's not all doom and gloom as the CarsLand theme park is “an absolute grand-slam home run,” and then there is their Marvel division, which basically just prints money. But here's a tip, Hollywood: don't start production on a movie if you don't intend to finish it. Cool? Cool. [The Hollywood Reporter]

This article is related to: Henry Selick, Walt Disney


The Playlist

The obsessives' guide to contemporary cinema via film discussion, news, reviews, features, nostalgia, movie music, soundtracks, DVDs and more.


E-Mail Updates