It was supposed to be the next project from the major players behind the first three Pirates of the Caribbean movies, but in August, Disney pulled the plug when The Lone Ranger was expected to cost north of $250 million.
Now, those major players – star Johnny Depp, director Gore Verbinski and producer Jerry Bruckheimer – have come to something of a meeting of the minds with the studio, renegotiating their own deals and re-working the script to bring the budget down to a “more reasonable” $215 million.
Still, the project now appears to be back on track. The Lone Ranger was supposed to begin production in New Mexico in fall of this year, with an eye on a December 21, 2012 release date. Now, with production not starting until early next year, it’ll most likely be a 2013 release. The Lone Ranger will star Depp as Tonto and Armie Hammer in the title role.