13 September 2012 12:56 PM, PDT | The Wrap | See recent The Wrap news »

Disney will take a $50 million write-down this fiscal quarter due to a halted stop-motion film, Disney CFO Jay Rasulo said on Thursday. Disney is typically tight-lipped about its business, but Rasulo revealed a couple of intriguing tidbits to the Bank of America/Merrill Lynch Media, Communications and Entertainment Conference in Beverly Hills. The first was the write-down, which stems from Henry Selick's latest film. Selick, best-known for directing "Coraline" and  "The Nightmare Before Christmas," had been at work on a stop-motion animated film set for a fall 2013 release. New studio chief Alan »

- Lucas Shaw

Report a problem

Similar News Items

Coraline (2009)
The Nightmare Before Christmas (1993)
Henry Selick

IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners