"Lone Ranger" could cost Disney $190 million

Movie Description(Click Here To Hide)
A thrilling action adventure tale in which a famed masked hero is brought to life through new eyes. Native American spirit warrior Tonto (Johnny Depp) recounts the untold tales that transformed John Reid (Armie Hammer), a man of the law, into a legend of justice - taking the audience on a runaway train of epic surprises and humorous friction as the two unlikely heroes must learn to work together and fight against greed and corruption.
August 7th, 2013

Disney is anticipating a $190 million loss on big budget flop 'The Lone Ranger'.

The blockbuster movie starring Johnny Depp and Armie Hammer - which was made on a reported $225 million budget - may cost the movie studio even more than the $150 million initially anticipated by financial analysts.

The company filed its third quarter fiscal results yesterday (06.08.13) and told investors in a conference call that they expect to lose $160 to $190 million on the expensive movie, taking into account its monstrous budget as well as costly marketing expenses.

'The Lone Ranger' has stalled at just $86 million in the US, where it opened to a paltry $29 million in its first weekend of release, and its worldwide total stands at $176 million.

The film's stars and producer Jerry Bruckheimer recently blamed bad reviews in the US for the box office misfortune, claiming critics made up their minds about the Western adventure before it was even released.

Depp - who plays Tonto in the flick - said: ''I think the reviews were written seven to eight months before we released the film. I think the reviews were written when they heard Gore [Verbinski, director] and Jerry and me were going to do 'The Lone Ranger'. They had expectations that it must be a blockbuster. I didn't have any expectations of that. I never do.''