Solo: A Star Wars Story 'set to lose more than $50m'
- 6 years ago
Solo: A Star Wars Story' is set to lose more than $50 million for Disney.
The Ron Howard-directed movie premiered at the Cannes Film Festival last month, but it has failed to capture the imagination of 'Star Wars' fans, with its global box office takings expected to peak at around $400 million.
In a note to investors, Wall Street analyst Barton Crockett explained: "This marks a tough return to movie reality for a Disney that had in recent years enjoyed a can't-miss mystique."
The standalone Han Solo film was handed an initial budget of around $250 million, as well as sizeable investment on the marketing front.
But according to The Hollywood Reporter, the film is poised to become the first of the 'Star Wars' movies made by Disney and Lucasfilm to lose money.
The Ron Howard-directed movie premiered at the Cannes Film Festival last month, but it has failed to capture the imagination of 'Star Wars' fans, with its global box office takings expected to peak at around $400 million.
In a note to investors, Wall Street analyst Barton Crockett explained: "This marks a tough return to movie reality for a Disney that had in recent years enjoyed a can't-miss mystique."
The standalone Han Solo film was handed an initial budget of around $250 million, as well as sizeable investment on the marketing front.
But according to The Hollywood Reporter, the film is poised to become the first of the 'Star Wars' movies made by Disney and Lucasfilm to lose money.