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He added: "We all realise we underperformed severely in the summer, but you don't become a bad player overnight.
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"We've underperformed badly," Flower told Sky Sports.
Recent releases that have underperformed — some severely — include "Jonas Brothers: The 3D Concert Experience," "Confessions of a Shopaholic," "Race to Witch Mountain" and "Bedtime Stories".
Despite his efforts to streamline the bank, Citigroup has severely underperformed its main banking peers.
Although there have been some bright spots for the investment bank in Asia, many of its operations severely underperformed those of competitors.
"We severely underperformed as a group and the players are still hurting from the experience.
Our targets (see table) were companies where one segment has severely underperformed the others in profitability over the past three years.
The album sounds bracing today, but it severely underperformed its predecessors, critically and commercially.
At Burger King, John Chidsey, its chief executive, departed in April with a severance package worth almost $20 million, despite severely underperforming McDonald's.
Even Tom Cruise's reputation as box-office gold has taken a hit, with three of his past four films severely underperforming at the domestic box office (although all did well internationally).
In a note to clients the media team at Citi said "even if the titles were to be sold we would expect a price of tens of millions rather than hundreds of millions of pounds given that they are loss- making and currently severely underperforming the UK market in terms of circulation".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com