new mexico

Mo’ Money, Mo’ Problems for ‘Lone Ranger’

Disney’s The Lone Ranger had a rocky road through development as the studio insisted deep cuts to the budget before it was greenlit. The Gore Verbinski-directed film starring Armie Hammer as the titular hero and Johnny Depp as his sidekick Tonto finally got rolling earlier this year, but now it seems that there’s some cash flow issues for the troubled production as it moves forward in New Mexico.

The Hollywood Reporter is saying that once again The Lone Ranger is facing production trouble. Principal photography began on February 28th but the shoot is dragging on because of severe wind and dust storms that keeping hitting the outdoor sets. Now weeks behind schedule, the film’s budget is ratcheting back up to the $250 million mark, the plateau that Disney balked at when Ranger was in pre-production.

Now the film’s backers are forcing Verbinksi to make more cuts and do on-set rewrites to attempt to bring the budget back under control. The situation is rather financially dire as shooting is expected to continue until August, and then the rush will be on to make sure that the film makes its July 3rd, 2013 release date.

But despite that, once advertising and publicity costs are factored in, the total budget will likely exceed $300 million, meaning that the film will have to make in excess of $800 million at the box office to be successful. Considering that we’re talking about a classic cowboy tale like The Lone Ranger, will the film be able to make that much back? Doubtful, but who would have thought that Verbinski could have turned a series of Pirate movies into a billion dollar franchise?

More news as it develops.

Source: Cinema Blend

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