The Lone Ranger may still be a candidate for production. Deadline reports that there is now optimism from the studio surrounding the project, and that we could be hearing an announcement soon on the project. The movie, set to star Armie Hammer as the Lone Ranger and Johnny Depp as Tonto, was projected to have a budget of $275 million. Disney wasn’t willing to gamble that much on the project, telling all involved to find a way to bring it down, closer to $215 million. The second presented budget was passed on again, and the movie’s future looked rather grim.
It appears that Depp, Verbinksi, and Bruckheimer all took pay cuts and have gotten the budget down around that $215 million mark, $60 million less than they originally asked for.