Disney Writing Down $50 Million Loss Rather Than Finishing Henry Selick’s Next Movie

I’ve referred to Henry Selick‘s “next movie” in the headline, but actually, the film was stopped in its tracks. I shouldn’t be calling it his next anything. His current heartache, maybe.

Back in August, we heard that Disney had pulled the plug on the project and the animators at the Cinderbiter studios were going to lose their jobs. Word was that Disney considered the movie insufficiently developed to make its October 2013 release date, but I wasn’t sure about that logic:

They could have retooled it, even in this period of time – Disney are famous for this, and the studio’s top dog, John Lasseter, has sent several Pixar films back to the drawing boards before now. It reads to me that there was most likely a disagreement between the studio and Selick about where the film should be headed, and that this couldn’t be resolved.

But while we still don’t know what the problem really was, we do know what price tag Disney have put on it.

According to Yahoo, Selick’s film has translated into a $50 million write down for the studio. That’s a big pile of green stuff.

So whatever the problem with the film, Disney have decided they’d be better off tossing a huge heap of money out of the window today than gamble on the movie’s performance later.

What was Selick making? Was it really so unmarketable? These numbers are suggesting it was unreleasable. I just don’t see it.

Of course, all of this is just making me more keen than ever to see the film. I’ll add it to the list with London After Midnight, David O. Russell’s Nailed and The Day The Clown Cried as sad, shadowy gaps in my collection.