'Oz The Great And Powerful' Could Be Disney's Next 'John Carter' Flop

When "Oz th e Great and Powerful" comes out next month, Disney hopes to rekindle the magic of its $1 billion film from two years ago, "Alice in Wonderland."

After all, it's been heavily marketed to look like a carbon copy of Tim Burton's 2010 hit featuring Johnny Depp.

Posters for the "Oz" resemble a near replica of "Wonderland," and that's no mistake. "Oz" used the same production designer and has the same producer as Burton's flick.

In many ways, we can prepare to feel like we're going "through the looking glass" rather than stepping necessarily into Oz.

And its easy to see why.

After its $200 million write off on "John Carter" last year, a film which cost a quarter of $1 billion to make, Disney has a lot at stake.

I t's taken a gamble on "Oz," a prequel to the 1939 classic featuring James Franco and Mila Kunis, with another high production budget estimated around $200 million and up to another $100 million in marketing costs .

If this film doesn't live up to the hype, it has anticipated blockbuster "Iron Man 3" come May to pick up the slack. However, there's also the long-troubled "Lone Ranger" come July, too.

Despite its heavy push as the next "Wonderland," with incoming poor reviews and a director who hasn't seen a hit since "Spider-Man," "Oz" could end up being the studio's next "John Carter" misstep.

There are a few signs that hint the film may come up short opening weekend:

1. Director Sam Raimi's track record:

Raimi's known for his horror films ("The Evil Dead" series, "The Grudge") and his original "Spider-Man" trilogy which has earned more than $2 billion worldwide.

The last time Raimi was put in charge of a film with a large $200 million estimated budget, we received the underwhelming "Spider-Man 3" plagued by one too many super villains, emo-Peter Parker, and an odd jazz sequence.

Other than his Spidey flicks, Raimi's track record as director on screen hasn't produced any other $100 million films (Raimi produced "The Grudge" which earned $187.3 million). His last horror flick, 2009's "Drag Me to Hell" earned $90.8 million worldwide.

"Alice in Wonderland" has set the bar for "Oz." With the same projected budget, it earned an immense $116 million the same weekend in March 2010.

"John Carter," which opened March 9 last year, earned $30.2 million opening weekend on a bloated $250 million budget.

Raimi's opening weekends as director fluctuate immensely. Outside the "Spider-Man" franchise none are above $20 million.

"Spider-Man 3":

$151.1 million

"Spider-Man":

$114.8 million

"Spider-Man 2":

$88.2 million

"Drag Me to Hell":

$15.8 million

"Darkman":

$8 million

BoxOffice.com has seen a bump in anticipation for the film and predicts the film will open to a $65 million weekend, little more than half of "Wonderland."