John Carter was touted as one of this year's blockbusters, but now it is officially a flop. The film is expected to take a $200 million loss.

The movie was made for around $350 million including production and marketing costs. However, the film only grossed $30.2 million domestically in the first weekend of release and $13.5 million it's second. It has brought $126 million abroad.

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, The Walt Disney Co. said in a statement. 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.

With the loss projected at $200 million, John Carter is set to be one of the biggest movie flops in history.

Taylor Kitsch stars as John Carter, who is a confederate soldier transported to Mars and gets involved in a war on the planet.