From the studio:
"In light of the theatrical performance of John Carter ($184 million global box office), we expect the film to generate an operating loss of approximately $200 million during our second fiscal quarter ending March 31. As a result, our current expectation is that the Studio segment will have an operating loss of between $80 and $120 million for the second quarter. As we look forward to the second half of the year, we are excited about the upcoming releases of The Avengers and Brave, which we believe have tremendous potential to drive value for the Studio and the rest of the company."
LOS ANGELES, Calif. -- Fandango (http://www.fandango.com), the nation's leading movie ticketing destination, today announced a new collaboration with Yahoo! (Nasdaq: YHOO), the premiere digital media company. The new agreement makes Fandango the online and mobile movie ticketer for Yahoo! Movies (http://movies.yahoo.com), with more than 30 million U.S. users (comScore).
As a result, millions of moviegoers will receive increased access to Fandango's comprehensive ticketing capabilities for nearly 20,000 screens across the country. Yahoo! users will be able to get Fandango showtimes and ticketing opportunities on their mobile devices and tablets as well.
"We are excited about this relationship with Yahoo!, which helps deliver consumer benefits to an even broader audience, giving moviegoers more convenient options to buy tickets and find up-to-the-minute movie information anywhere, anytime," says Rick Butler, Executive Vice President and General Manager of Fandango. "Moviegoers on Yahoo! will now have access to Fandango's many innovations, including the paperless Mobile Ticket program and reserved seating at a growing number of locations."
"Adding Fandango as our ticketing partner allows us to bring our 30 million users even more access to their favorite films," says Kenneth Fuchs, VP of the Yahoo! Media Network and head of the Entertainment, Sports, and Games Group. "Fandango will enhance our current theater reach and provide a best in class online and mobile solution to movie ticketing."
Fandango recently enjoyed the best-selling January and February in the company's nearly-12-year history. It recently announced new ticketing agreements with Regency Theatres and with AMC Theatres, adding 3,000 screens to its extensive network of movie theaters across the country, now numbering a total of nearly 20,000 screens. Fandango regularly accounts for a significant percentage of opening weekend tickets sold nationwide, and is already reporting more than a thousand sold-out showtimes for the March 23 release of "The Hunger Games."
Yahoo! Movies is a top online destination for moviegoers with the most robust movie experience on the Web that includes ticketing, live broadcasts, and exclusive content. In addition, Yahoo! Movies provides users with the most up-to-the-minute news on the biggest events of the year including the Oscars and other major awards shows.