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August 13, 2011 - Lone Ranger / movie is now on hiatus
Scooped on Sunday, August 14, 2011
According to a report published by Deadline, Disney has stopped active development on its Lone Ranger movie over a ballooning production budget. Sources tell the site that Lone Ranger had a budget of $250 million dollars, and could go even higher to $275 million. Disney wanted the makers of the film to find a way to reduce the cost of the production down to $230 million. Unfortunately, no one could find the way to save money and so the film has been grounded.
There remains a possibility that more financial shaving could still happen, and if so, the studio may start it up again. [Full story]
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