Disney Takes $50 Million Markdown On Unfinished Selick Film

Last month, Disney ordered a halt on the production of director Henry Selick’s latest stop-motion animated film. The studio cited that the project was not sufficiently developed to be able to make its scheduled October 2013 release date.

And while Selick is free to shop the film around to other studios for financing to complete the project, Disney has put a price to the work done so far – $50 million. That’s the amount that the studio announced that they will take as a write off on their fourth quarter financial report.

So was what Selick working on really not worth investing any further in? Disney seems to think so and they have someone like John Lasseter, the head of Pixar and who has retooled a number of projects at that studio, at their disposal. Selick is free to shop the film to other studios now, so I guess we will see if anyone disagrees with Disney’s analysis.

Via Yahoo.

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About Rich Drees 7040 Articles
A film fan since he first saw that Rebel Blockade Runner fleeing the massive Imperial Star Destroyer at the tender age of 8 and a veteran freelance journalist with twenty-five years experience writing about film and pop culture. He is a member of the Philadelphia Film Critics Circle.
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