Click to Skip Ad
Closing in...
Hackers Now Reportedly Say Sony Can Release 'The Interview,' But With Changes Hackers Now Reportedly Say Sony Can Release 'The Interview,' But With Changes George Clooney Pushes For VOD Release Of 'The Interview,' Calls Out Hollywood For Lack Of Courage George Clooney Pushes For VOD Release Of 'The Interview,' Calls Out Hollywood For Lack Of Courage Watch: Sony Releases "In Franco And Rogen We Trust" Promo For 'The Interview' Watch: Sony Releases "In Franco And Rogen We Trust" Promo For 'The Interview' Watch: The Style Of Wes Anderson, Quentin Tarantino, David Fincher, Terrence Malick & More Recreated With Stock Footage Watch: The Style Of Wes Anderson, Quentin Tarantino, David Fincher, Terrence Malick & More Recreated With Stock Footage Surprising Full Cast Revealed For Jason Reitman's Live Read Of 'Star Wars: Episode V - The Empire Strikes Back' Surprising Full Cast Revealed For Jason Reitman's Live Read Of 'Star Wars: Episode V - The Empire Strikes Back' Sony Officially Yanks 'The Interview' From Release Following Hacker Threats Sony Officially Yanks 'The Interview' From Release Following Hacker Threats The 21 Best Performances Of 2014 The 21 Best Performances Of 2014 The 12 Best Shots Of 2014 The 12 Best Shots Of 2014 Baffling First Official Synopsis For Terrence Malick's 'Knight Of Cups' Unveiled Baffling First Official Synopsis For Terrence Malick's 'Knight Of Cups' Unveiled Rumor: 'Batman v. Superman: Dawn Of Justice' Will Address Fan Complaints From 'Man Of Steel' Rumor: 'Batman v. Superman: Dawn Of Justice' Will Address Fan Complaints From 'Man Of Steel' Watch: Christian Bale Goes On A Hedonistic Journey In First Trailer For Terrence Malick's 'Knight Of Cups' Watch: Christian Bale Goes On A Hedonistic Journey In First Trailer For Terrence Malick's 'Knight Of Cups' The 20 Best Movie Posters Of 2014 The 20 Best Movie Posters Of 2014 Recap: 'The Newsroom' Series Finale, Season 3, Episode 6 'What Kind Of Day Has It Been' Recap: 'The Newsroom' Series Finale, Season 3, Episode 6 'What Kind Of Day Has It Been' More Leaks Reveal Reported Plans Around ‘Star Wars’ Episodes 8 & 9 More Leaks Reveal Reported Plans Around ‘Star Wars’ Episodes 8 & 9 Sony Leaks Reveal ‘Aquaman’ Director, ‘X-Men’/’Fantastic Four’ Crossover Plans & More Sony Leaks Reveal ‘Aquaman’ Director, ‘X-Men’/’Fantastic Four’ Crossover Plans & More Review: Assassination Comedy ‘The Interview’ Starring Seth Rogen, James Franco, And Lizzy Caplan Review: Assassination Comedy ‘The Interview’ Starring Seth Rogen, James Franco, And Lizzy Caplan The 20 Best Films Of 2014 The 20 Best Films Of 2014 Watch: 3 Graphic, Very NSFW Clips From Lars von Trier's 'Nymphomaniac Vol II — Director's Cut' Watch: 3 Graphic, Very NSFW Clips From Lars von Trier's 'Nymphomaniac Vol II — Director's Cut' The 20 Best TV Shows Of The 2013/2014 Season The 20 Best TV Shows Of The 2013/2014 Season From Worst To Best: Ranking The Films Of Hayao Miyazaki From Worst To Best: Ranking The Films Of Hayao Miyazaki

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