Lionsgate CEO: Johnny Depp’s ‘Mortdecai’ Was ‘Clearly a Disappointment’
Jon Feltheimer says his company limited its financial exposure in three key ways
Tony Maglio | February 6, 2015 @ 9:32 AM
Last Updated: February 6, 2015 @ 12:03 PM
Lionsgate
Lionsgate CEO Jon Feltheimer labeled Johnny Depp‘s “Mortdecai” as a “disappointment” on a Friday morning earnings call.
That said, the executive explained that his company limited its financial exposure in three key ways, and that the box office and critical bomb’s losses were “manageable.”
“Obviously, not all of our films work, and last month’s ‘Mordecai’ was clearly a disappointment,” Feltheimer told reporters. “However, given the number of ways we limited our exposure — including pre-licensing international rights, curtailing the marketing spend and taking on a production partner — we will have incurred a very manageable loss.”
Also on the call, Lionsgate revealed that “The Hunger Games: Mockinjay – Part 2” will be released in IMAX 3D on Nov. 20, the previously announced opening day for traditional theaters. Additionally for that blockbuster franchise, Lionsgate announced the date and location for its previously announced planned franchise-themed exhibition, which will open in New York City’s Times Square on July 1 for a six-month run.