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Post By kuho
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kuho
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Disney Expects $75 Million Loss on ‘The Finest Hours’
Disney CEO Robert Iger said the company expects to take a loss of $75 million on “The Finest Hours,” the sea-going ocean rescue film that opened the year as one of the conglomerate’s few flops.
“We also had a miss this quarter,” Iger said at the Deutsche Bank Media, Internet and Telecom Conference. “That will be a negative of about $75 million.”
Although the production cost of the film has not been announced, the film starring Casey Affleck and Chris Pine had substantial CGI work. It made just over $40 million at the box office worldwide.
Although it did passably with critics and many of those who saw it, scoring a 58 on Metacritic and an A- Cinemascore, the 1950s-set drama about a Coast Guard crew rescuing sailors on a freighter failed to gain momentum. Unlike most Disney hits, it was not tied to a superhero or well-known piece of intellectual property. And though it was based on a real-life story that was the most dramatic rescue in the history of the Coast Guard, it was linked to the smallest branch of the U.S. armed services and to a more-than-half-century-old incident few in the public knew about.
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