Business briefs: Ross victim of John Carter’s failure | Aston Martin

RICH Ross, chairman of Walt Disney’s movie studio, has stepped down after a two-year stint that included the release of John Carter, one of the biggest flops in recent Hollywood history.

Disney said last month that it expects the film to lose about $200 million (£124m) and saddle its studio with $80m to $120m in operating losses.

“I no longer believe that the chairman role is the right professional fit for me,” Ross told staff in an e-mail.

As studio head, Ross replaced long-time chairman Dick Cook, who was forced out by Disney chief executive Bob Iger.

Aston Martin’s on track for growth

Aston Martin has sold all 77 of its £1.2 million One-77 supercars in a year that proved “stronger than ever”, according to chief executive Ulrich Bez.

Revenue rose 7 per cent while profitability fell 18 per cent as a result of investment in new developments. The V12 Zagato also attracted intense interest.

Bez said: “We are on track with our expansion plans around the world, especially in China, and are investing in new models. I’m particularly pleased to see the company returning to 2008 revenue levels. The Aston Martin brand is stronger than ever.”