Disney Reducing the Cost of ‘The Lone Ranger’

August 16, 2011

The Lone RangerNews has just surfaced that the costs associated with Disney’s Lone Ranger project are spiralling out of control. Now producer Jerry Bruckheimer is scrambling to shrink those costs down.

There have been misleading rumors circling around recently that Disney has completely pulled the plug on the project altogether, but this couldn’t be further from the truth. The fact is that Disney wants to get the costs down closer to the $200 million mark which they’d originally planned to spend on the flick. The filming is slated to begin in October in New Mexico, which will give Disney generous tax breaks.

The film will see star Armie Hammer starring as the Lone Ranger himself, along with Johnny Depp as his trusty native American side-kick Tonto.

Depp has become something of a lucky charm for Disney, after seeing the fourth instalment of the Pirates franchise rake in more than $1 billion at the worldwide box office. The film is slated for a December 21st, 2012 release. Depp has been advertised for the role by Disney since 2008.

Robert Iger, one of Disney’s executives, has actually gone against the grain by recently voicing his willingness to raise production costs for the project, but he’s a lone voice. In a meeting with studio investors he said that the cost of producing films is rising and that in the future there could be a reduction in the number of productions as a direct consequence of price sensitivity. He went onto say that, “We feel we’re better off by reducing the size of the slate and making films that are bigger and increasingly more risky.”

Contact the Author: MikeStringer@ArtsandEntertainmentPlayground.com

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