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April 20, 2012

Departure of Rich Ross comes after massive box office failure of John Carter

The reign of Rich Ross as the first out head of a major movie studio has proven to be short-lived.

On Friday (20 April), Ross stepped down at chairman of Walt Disney Studios after less than three years on the job. His departure comes in the wake of the box office disaster John Carter which is expected to lose the studio arond $200 million.

In a letter to his staff, Ross wrote of the 'very difficult decision to step down' after realizing that the job was not the right fit for him: