
Walt Disney Pictures have shut down the production of Johnny Depp-starring adventure film "The Lone Ranger" due to budgetary issue. It was said that director Gore Verbinski and the production team have tried to reduce the budget from $250 million to $232 million, but it is still far from the $200 million the studio wanted the project to spend.
Walt Disney Co. Chief Executive Bob Iger said in a statement on Tuesday, August 9 that the Burbank studio are very concerned to film budgets. "It's our intention to take a very careful look at what films cost," he said.
Iger went on explaining, "And if we can't get them to a level that...