Lone Ranger film may ride into sunset amid money troubles

Walt Disney Studios’ much- anticipated big-screen adaptation of The Lone Ranger starring Johnny Depp and Armie Hammer has been shut down, according to a source close to the production. Those involved in the project are figuring out their next steps, and it is possible filming could resume, said the source.

The development was first reported in Deadline Hollywood, an entertainment industry news website. It cited difficulties with reducing the movie’s estimated $250m cost to $200m.

Jerry Bruckheimer was set to produce the film with a script by Justin Haythe. Hammer was expected to play the title character, and Depp was set to be the Lone Ranger’s partner, Tonto.

The Lone Ranger show – about a masked Texas Ranger who battles injustice in the Old West – first aired on radio in the 1930s and became a hit TV series during the 1950s. The film was scheduled to be released on December 21, 2012.

The film would bring Depp and Bruckheimer back together after collaborating on the Pirates of the Caribbean series.