Walt Disney Pictures have shut down production on the Johnny Depp big screen adaption of the action-adventure television series, The Lone Ranger. Sources close to the film note that it was shut down due to issues within the budget and the uncertainty within the economy.
According to Walt Disney Chief Executive Bob Iger, they are now taking “a very careful look at what films cost”. He added, “If we can’t get them to a level that we’re comfortable with, we think that we’re better off actually reducing the size of our slate than making films that are bigger and increasingly more risky.”
According to reports, director Gore Verbinski was not happy with the film’s $250 million budget and wanted it reduced to the $200 million they originally wanted to spend. Still, the film can still be revived if it is shopped around to other studios.
A different source suggests that Depp is really unhappy with the recent developments as he really wanted the movie to work.
However, a source dishes that it could possibly resume production.
“Let’s see how it all shakes out on Monday. There’s always a chance that it could go. You never know until you know,” an insider told Deadline.
The film was set to be released in late 2012 and was considered to be a big project.