Paramount Delays G.I.Joe: Retaliation Until March 2013

Transformers News: Paramount Delays G.I.Joe: Retaliation Until March 2013

Wednesday, May 23rd, 2012 10:34PM CDT

Categories: Press Releases, Company News, Media
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This isn't Transformers news, but considering the long standing connection between the two fandoms we decided to put this on the homepage. This Summer's highly anticipated G.I.Joe: Retaliation has been delayed until 2013! Despite being a mere five weeks away from the film's release date, the millions already spent promoting the film, and the toys already showing up on retail shelves, Paramount has pushed the release date back until March 29th of next year. The main reason for the delay appears to be a decision to post convert the film to 3D.

Los Angeles Times wrote:The move surprised even the film's director, Jon M. Chu, who early this week still expected the movie to open next month.

In an interview Monday with The Times, the 32-year-old director expressed excitement about the impending release date and a new trailer, and sounded like a filmmaker who felt he had already cleared the toughest hurdles of post-production.

"It's been a crazy journey but we're almost there," he said. "I'm excited for people to finally see it or even finally get a glimpse. I'm really excited about it."


The full L.A. Times article can be read by clicking here.

See the official press release below:

PAWTUCKET, R.I.--(BUSINESS WIRE)--
Hasbro, Inc (NASDAQ:HAS - News), and Paramount Pictures, announced today that G.I. JOE: RETALIATION will now be released in 3D. The film, originally slated for release in June 2012, is scheduled to be released March 29, 2013.
“It is increasingly evident that 3D resonates with movie-goers globally and together with Paramount, we made the decision to bring fans an even more immersive entertainment experience,” said Brian Goldner, Hasbro’s President and CEO.
“In 2012, we continue to have several strong motion picture and television entertainment backed properties that are selling well at retail and our entertainment strategy remains strong and on-track,” Goldner said. “Through our own Hasbro Studios for television and in partnership with several movie studios including Paramount, Universal, Sony and Relativity, we are creating entertainment experiences around many of our highly popular iconic brands. For the full year 2012, we continue to believe, absent the impact of foreign exchange, we will again grow revenues and earnings per share.”
Certain statements in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include expectations concerning the Company’s potential performance in 2012, including with respect to its revenues and earnings per share, and business goals and may be identified by the use of forward-looking words or phrases. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements due to both known and unknown risks and uncertainties. Specific factors that might cause such a difference include, but are not limited to: (i) the Company's ability to design, manufacture, source and ship new and continuing products on a timely and cost-effective basis, as well as interest in and purchase of those products by retail customers and consumers in quantities and at prices that will be sufficient to profitably recover the Company’s development, manufacturing, marketing, royalty and other costs; (ii) global economic conditions, including recessions, credit crises or other economic shocks or downturns which can negatively impact the retail and/or credit markets, the financial health of the Company’s retail customers and consumers, and consumer and business confidence, and which can result in lower employment levels, less consumer disposable income, and lower consumer spending, including lower spending on purchases of the Company’s products; (iii) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (iv) other economic and public health conditions in the markets in which the Company and its customers and suppliers operate which impact the Company's ability and cost to manufacture and deliver products, such as higher fuel and other commodity prices, higher labor costs, higher transportation costs, outbreaks of disease which affect public health and the movement of people and goods, and other factors, including government regulations, which can create potential manufacturing and transportation delays or impact costs; (v) currency fluctuations, including movements in foreign exchange rates, which can lower the Company’s net revenues and earnings, and significantly impact the Company’s costs; (vi) delays, increased costs or difficulties associated with the development and release of planned entertainment supporting the Company’s products and brands and consumer interest in and acceptance of such entertainment; (vii) the concentration of the Company's customers, potentially increasing the negative impact to the Company of difficulties experienced by any of the Company’s customers or changes by the Company’s customers in their purchasing or selling patterns; (viii) greater than expected costs, or unexpected delays or difficulties, associated with the Company’s investment in its joint venture with Discovery Communications, LLC, to operate THE HUB network and the creation of new content to appear on the network and elsewhere; (ix) consumer interest in and acceptance of the joint venture network, and programming created by Hasbro Studios, and other factors impacting the financial performance of the joint venture and Hasbro Studios; (x) greater than expected costs or unexpected delays or difficulties associated with the creation of Hasbro’s Gaming Center of Excellence and the execution of the Company’s strategy for driving innovation and immersive play experiences in its gaming business; (xi) unexpected delays or difficulties in the Company’s execution of its plans to drive growth and increased profitability in its U.S. and Canada business; (xii) the inventory policies of the Company’s retail customers, including retailers’ potential decisions to lower the inventories they are willing to carry, even if it results in lost sales, as well as the concentration of the Company's revenues in the second half and fourth quarter of the year, which coupled with reliance by retailers on quick response inventory management techniques increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve tight and compressed shipping schedules; (xiii) work stoppages, slowdowns or strikes, which may impact the Company's ability to manufacture or deliver product in a timely and cost-effective manner; (xiv) the bankruptcy or other lack of success of one of the Company's significant retailers which could negatively impact the Company's revenues or bad debt exposure; (xv) the impact of competition on revenues, margins and other aspects of the Company's business, including the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees in a competitive environment; (xvi) concentration of manufacturing for many of the Company’s products in the People’s Republic of China and the associated impact to the Company of public health conditions and other factors affecting social and economic activity in China, affecting the movement of products into and out of China, and impacting the cost of producing products in China and exporting them to other countries; (xvii) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xviii) other market conditions, third party actions or approvals and the impact of competition which could reduce demand for the Company’s products or delay or increase the cost of implementation of the Company's programs or alter the Company's actions and reduce actual results; (xix) the risk that anticipated benefits of acquisitions may not occur or be delayed or reduced in their realization; and (xx) other risks and uncertainties as may be detailed from time to time in the Company's public announcements and Securities and Exchange Commission (“SEC”) filings. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.
About Hasbro
Hasbro, Inc. (NASDAQ:HAS - News) is a branded play company providing children and families around the world with a wide-range of immersive entertainment offerings based on the Company's world class brand portfolio. The Company’s five major motion pictures to date have generated more than $3 billion dollars at the global box office. From toys and games, to television programming, motion pictures, digital gaming and a comprehensive licensing program, Hasbro strives to delight its global customers with innovative, well-known and beloved brands such as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL, MY LITTLE PONY, G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The Company’s Hasbro Studios develops and produces television programming for markets around the world. Programming in the U.S. is distributed on The Hub TV Network, a multi-platform joint venture between Hasbro and Discovery Communications (NASDAQ: DISCA, DISCB, DISCK). Through the Company's deep commitment to corporate social responsibility, including philanthropy, Hasbro is helping to build a safe and sustainable world for future generations and to positively impact the lives of millions of children and families every year. It has been recognized for its efforts by being named one of the “World’s Most Ethical Companies” and is ranked as one of Corporate Responsibility Magazine’s “100 Best Corporate Citizens.” Learn more at http://www.hasbro.com.
Credit(s): L.A. Times, Yahoo! Finance
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Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383044)
Posted by It Is Him on May 23rd, 2012 @ 10:41pm CDT
Not being in 3D is an excuse. More than likely some execs weren't impressed with the final product and decided GI Joe couldn't compete with the big summer blockbusters. March isn't as competitive, and the movie could potentially do better then.

This is a pretty bad sign for the movie's quality.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383045)
Posted by worldsgreatest on May 23rd, 2012 @ 10:42pm CDT
As bad as it is sometimes for Transformers fans, count yourselves lucky that you aren't a GI Joe fan. And if you are...I'm sorry.

I never even SAW a Low Light or Renegades Storm Shadow at retail. And now...this.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383048)
Posted by freetouch on May 23rd, 2012 @ 10:50pm CDT
10 to one execs got freaked out because battleship sunk like the titanic.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383055)
Posted by Hypershock on May 23rd, 2012 @ 11:06pm CDT
GI Joe Retaliation has been delayed,, but don't worry, we'll still retaliate at some point...i hope...maybe we should be called GI Joe: Passive Aggression
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383058)
Posted by Aximalli_Prime on May 23rd, 2012 @ 11:12pm CDT
Dang. I hate to think about what the G.I Joe fans are going through.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383059)
Posted by Rodimus Prime on May 23rd, 2012 @ 11:13pm CDT
Yeah, I read this earlier this morning. I think it has a little to do with Battleship's lack of financial success, but it should have been done in 3D to begin with. I was gonna see it, but I'm not too upset about the delay.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383062)
Posted by Janus Prime on May 23rd, 2012 @ 11:21pm CDT
3D... sure... this has got nothing to do with The Avengers... :roll:
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383063)
Posted by Hypershock on May 23rd, 2012 @ 11:26pm CDT
Janus Prime wrote:3D... sure... this has got nothing to do with The Avengers... :roll:

I saw The Avengers in 3d at a pre-screening, it was good but the 3d really didnt enhance it so far as to delay the release of a movie
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383065)
Posted by Evil_the_Nub on May 23rd, 2012 @ 11:33pm CDT
worldsgreatest wrote:As bad as it is sometimes for Transformers fans, count yourselves lucky that you aren't a GI Joe fan. And if you are...I'm sorry.

I never even SAW a Low Light or Renegades Storm Shadow at retail. And now...this.

I know the feeling, I just got into G.I. Joe with the PoC line and it wasn't long before they dropped the ball on that. It seems the more I wanted a figure the harder it was to get.
freetouch wrote:10 to one execs got freaked out because battleship sunk like the titanic.

That's what I'm thinking.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383072)
Posted by necr0blivion on May 24th, 2012 @ 12:16am CDT
That's a shame, especially so close to the expected release. That first movie was not good, but I think most people had an expectation that the sequel would do better. I was looking forward to it for the following reasons:
-The Rock as Roadblock
-Bruce Willis as Joe
-Cobra Commander looking more like Cobra Commander
-lots of ninja action

Reasons that wouldn't make a difference to me: seeing the movie in 3D.

I agree, the 3D reason sounds like a cover, but I wouldn't compare Battleship's recent outing to possible Joe revenue. Joe has a devout following, Battleship is just a game.

I, too, feel empathy for Joe fans. At least I have Expendables 2 to look forward to this summer as centerpiece of another testosterone night.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383076)
Posted by 5150 Cruiser on May 24th, 2012 @ 12:45am CDT
Oh wow... Just wow. I can only imagine what the Joe fans are going through. espeacialy since this movie looked alot better than the first.

I've said it before and i'll say it again. These movies aren't made for fans. There meant to bring in money. If they feel they can find a way to bring in more cash flow, they'll do whatever they feel they need to do. fans be damned... Thats really sad.

I wonder if people put up enough fuss that they'll reverse there decesion and keep the movie on track for its June release date. Worth a shot
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383077)
Posted by dinojack86 on May 24th, 2012 @ 12:50am CDT
Wow- I am stunned. I don't know why- I think it's because of how close to the release date they are. The previews, the interviews, the toys (my TRU has already begun stocking them!) and so on. I'm actually pretty stoked for this movie, possibly more than any other this summer. I say I'm disappointed is an understatement. I think it has great potential (especially compared to the first movie) and this in my opinion is a HUGE mistake. Paramount already delayed Star Trek 2 over and over again- probably for 3D. I just don't get it. GI JOE was my first love as far as toys and cartoons are concerned when I was very young. It probably played some part down the line in my decision to join the US Army myself. I just really think they're shooting themselves in the foot whether they realize it or not. Excitement for this film isn't going to last over the next 9 months- this isn't the Avengers! If toy sales were bad before this isn't going to help. I think Hasbro and Paramount jacked it all up when they decided to make them an international team rather than Real American Heroes. That's what GI JOE is and was always supposed to be. It just goes to show what the power of patriotism and pride in our great nation can instill in children. I've been checking out Generaljoes and I must say the mood is sour to say the least. Don't mean for negativity but I always hate to see something like GI JOE get kicked while it's down. I just honestly feel like they may have just written the death sentence for the GI JOE toys/brand for a while.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383091)
Posted by Screamfleet on May 24th, 2012 @ 1:34am CDT
freetouch wrote:10 to one execs got freaked out because battleship sunk like the titanic.



it really kind of is actually.

GI Joe was setting itself up for failure.

Avengers in it's 3rd weekend did better than battleship on it's first.

GI Joe would have had spider-man coming out the next week.

Audiences have pretty much shown, that right now, they like super heroes. This will probably really help GI joe out. Rather than completely disappearing in it's second week.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383097)
Posted by noctorro on May 24th, 2012 @ 2:21am CDT
3d only in post production? Wasn't that like a bad move (Clash of the Titans)

Didn't know Battleship did bad at the boxoffice, I find it the better one of the random alien movies (Skyline / World Invasion).

I don't mind it being delayed, even if it was released around the same time as Spiderman. I live almost next to a cinema so I'm going to All the movies anyway.

Watch All the Films!!!
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383111)
Posted by steve2275 on May 24th, 2012 @ 4:25am CDT
thers a roadblock for smelling what the rock i gonna be cookin
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383113)
Posted by Autobot032 on May 24th, 2012 @ 4:43am CDT
This is a terrible move.

March is a bad time for movies, and The Hunger Games is proof of that. (Follow me...)

The Hunger Games is supposedly an excellent movie (I've not seen it, no real interest...), but some have said that while it is a great film, it might not have made it as a summer blockbuster kinda deal. It made beau coup bucks, by being released in March. But, it's the exception, not the rule. Even the analysts were shocked by it's success. Especially when factoring in the release date.

It takes something exceptional to make a March release date be a winner. I don't see Retaliation being that exceptional piece of cinema. Plus, post converting it to 3D will only give people MORE to bitch about it.

This is a horrible, horrible idea, and it's going to cause the film to suffer. And like it was said, it shows that the film isn't really that strong on it's own.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383117)
Posted by fenrir72 on May 24th, 2012 @ 5:34am CDT
Epic FAIL! This should be rebooted from the beginning and stay true to its roots.

1.Snake Eyes and Stormshadow........brothers in arms not this fake jealousy/rivalry schtck they rammed into our throats.

2.The Baroness should be ultra left uber rich revolutionary not some mind wiped blond bimbo

3.G.I.Joe should be the Real American Hero

4.Cobra Commander? Well the origin either be the Cobra-La or Larry Hama's (both are equally good)

Otherwise, this will sink faster than "Battle Shit........Ship" in a clunker fest contest between it and John Carter.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383119)
Posted by Sodan-1 on May 24th, 2012 @ 5:58am CDT
I'm sorry I don't mean to tempt an off-topic argument, and I know I'll bring down the wrath of the thread upon my head. I read the little disclaimer at the start of this news article but why has this been news'd? I'm not saying Seibertron was wrong to say so, but he has been quite adamant that this is a site for the Transformers brand. This clearly doesn't count and is quite hypocritical of Seibertron (the site and the person if he had a say in the decision to news this).
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383120)
Posted by worldsgreatest on May 24th, 2012 @ 6:06am CDT
More than delaying the movie, this has ensured that Joe fans will get crappy movie figures for TWO YEARS instead of the awesome infuriatingly hard to get figures that were coming out. Two years!

Two years of awful Rock and Bruce Willis repaints! The horror. The horror.
Re: Paramount Delays G.I.Joe: Retaliation Until March 2013 (1383136)
Posted by vectorA3 on May 24th, 2012 @ 6:43am CDT
Post conversion 3D sucks. Hasbro/paramount should've been shooting it in 3D all along with their billions from Transformers. Instead we get this BS. Battleship actually made $, with combined domestic & international gross, just not as much as the greedy execs wanted. It's their fault for taking the gamble and spending $220+ mill on a first time movie based on a board game. Wth were they thinkin?

The only bright spot for Joe fans is that Hasbro will have more time to make the figures & fix things if needed.

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