The Lone Ranger To Make Disney Huge Losses

Disney has confirmed that it expects to lose up to $190m (£123m) on the new Johnny Depp western, The Lone Ranger.

The adventure movie, directed by Gore Verbinski and produced by Jerry Bruckheimer, has made just $86m (£55m) at the US box office and $176m (£114m) worldwide.

The film, which cost more than $215m (£139m) to make, received poor reviews in the US.

Chief financial officer of Disney, Jay Rasulo said the loss for The Lone Ranger would be recorded for the quarter that ends in September.

Disney chief executive Bob Iger said: "There has been a lot said, I know, about the risk of basically high cost, tent pole films ... and we certainly can attest to that given what happened with Lone Ranger."

Armie Hammer plays the ex-Texas ranger

For the quarter that ended in June, operating income at Disney's film studio declined 36% as hit film Iron Man 3 failed to match the success of last year's The Avengers.

Meanwhile, the cast and crew of The Lone Ranger have said reviewers were "gunning" for the movie even before it was released.

Depp, who plays tribesman Tonto, told Yahoo Movies UK: "I think the reviews were written seven to eight months before we released the film.

"They had expectations that it must be a blockbuster, I didn't have any expectations of that. I never do."

Armie Hammer, who plays the masked hero, said he thought the press began targeting the film when Disney halted the production in 2011 to allow the budget to be trimmed.

He said: "This is the deal with American critics: they've been gunning for our movie since it was shut down the first time, that's when most of the critics wrote their initial reviews."

The Lone Ranger is showing in US cinemas now and opens in the UK on Friday.

Disney will be relying on the movie's final run at the worldwide box office to stem its losses.

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