Deadline has the details:In a stunning development, Disney has shut down production on The Lone Ranger, the Gore Verbinski-directed period Western that was to star Johnny Depp as Tonto and Armie Hammer as the title character. Jerry Bruckheimer is the producer and the script's by Justin Haythe. I'm told this all just happened, and Disney pulled the plug because the budget, which I've heard the filmmakers were trying to reduce from $250 million--I've heard from insider that they'd gotten down to $232 million, but whatever the number, it wasn't close to the $200 million that Disney wanted to spend. This had to be an incredibly tough call for Disney's Rich Ross and Sean Bailey, but they have several huge live action bets on the table already. John Carter, the Andrew Stanton-directed adaptation of John Carter of Mars with Friday Night Lights' Taylor Kitsch in the lead role, has a budget that has ballooned to north of $300 million because of extensive re-shoots [a studio insider said the number is lower], and The Great and Powerful Oz, the Sam Raimi-directed James Franco-starrer has a budget is hovering at $200 million. Lone Ranger wasn't starting production until October, and and even though money has been spent as the picture is in pre-production (Depp is pay or play), but it was the easiest one on which to apply the brakes. The shoot was set for New Mexico. Between Depp, Bruckheimer and Verbinski, the gross outlay on the film is substantial. The film was still casting up, with Ruth Wilson, the serial killer from the BBC's Lutherseries, set for the female lead.
