Disney to write down $50 million on unnamed film

[crazy4wdw]

Disney to write down $50 million on unnamed film

LOS ANGELES (MarketWatch) -- Walt Disney Co. expects to book a $50 million write-down for the current quarter relating to an untitled, stop-motion animated film that was shut down last month, the Wall Street Journal reported Thursday. Quoting Disney Chief Financial Officer Jay Rasulo and unnamed sources, the Journal said newly appointed studio chairman Alan Horn made the decision to cut the project, directed by Henry Selick, who also directed the cult hit "Coraline." Rasulo told the Bank of America Merrill Lynch conference in Los Angeles that the write-down would have a "very short" impact on what is Disney's fourth quarter, ending this month

 

[ChrisFL]

I heard it was called "John Carter of Mars Needs Moms and a Brother Bear"

 

[crazy4wdw]

I heard it was called "John Carter of Mars Needs Moms and a Brother Bear"

Sounds like a good flick! Too bad it was cancelled!

 

[Q-man]

I heard it was called "John Carter of Mars Needs Moms and a Brother Bear"

I was going to say John Carter II.

 

[Tink1987]

Is that 'Frozen' that I have read about? Supposed to be introducing a new princess called Anna.

 

[DisneyDetective]

That's an expensive mistake!

 

[mattsdragon]

I heard it was called "John Carter of Mars Needs Moms and a Brother Bear"

See, I heard it was "John Carter on the Range Needs Moms and a Brother Bear in a Black Hole"

 

[crazy4wdw]

Is that 'Frozen' that I have read about? Supposed to be introducing a new princess called Anna.

I don't think so. Frozen is a computer animated film, not stop-motion. Frozen is scheduled to be released in November 2013 so it should be at least 50% complete by now.

 

[Tink1987]

I don't think so. Frozen is a computer animated film, not stop-motion. Frozen is scheduled to be released in November 2013 so it should be at least 50% complete by now.

Ah, thank you, its not out in the UK until April 2014, hence me thinking it may be that!

Thanks for the info

 

[jlima]

May be the "Newt" movie.

 

[TheRocketeer]

^Newt was a Pixar film I believe.

 

[Polydweller]

The only things being said anywhere online is that the project was never titled. Apparently with stop motion they only get a few seconds of usable film per day. So the decision had to be made early. This project was having significant problems and would never make its release dates so they pulled the plug.

Nothing else seems to be known excpt if you have a name for a movie, then that isn't it.

 

[ToddyLu]

I heard it was called "John Carter of Mars Needs Moms and a Brother Bear"

Classic...just classic....

 

[kdwashere]

Could it have been matched?

 

[Ego831]

The name of the movie was called: "ShadeMaker". It was described as “the story of two brothers that takes Selick’s special brand of surrealism into a new direction"

 

[doconeill]

It was a Henry Selick project set up at a new stop-motion studio he created called Cinderbiter. It was actually shut down mid-August, and he was given the option to shop the project to another studio.