Disney Halts 'The Lone Ranger' Production Because Of Budget Spending
Reported by Outsiders - 10:03 PM 2011.08.12
According to Deadline, Disney has shut down production on "The Lone Ranger", the Gore Verbinski-directed film because they are trying to reduce the budget down from $250 million dollars to $200 million which they agreed originally to spend.
The film stars Johnny Depp as Tonto, Armie Hammer and Jerry Bruckheimer as the producer but Disney has several big films in production and they are starting to worry because of rising production costs. "The Lone Ranger" wasn't starting production until October, and and even though money has been spent as the picture is in preproduction (Depp is pay or play), the shoot was set for New Mexico. Between Depp, Bruckheimer and Verbinski, the film was still casting up, with Ruth Wilson set for the female lead.
"The Lone Ranger" was scheduled to be released December 21, 2012 and the studio and filmmakers are trying to figure out the next step, which would either be to shop it elsewhere or put it back together at a later date at a lower budget. Calls to Disney were not returned.