Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Lone Ranger a $190m loss for Disney

10 July 2013, 16:06

Los Angeles - Disney could lose $190m on The Lone Ranger.

The big budget Western film starring Johnny Depp and Armie Hammer has significantly underperformed around the world since its release last week, despite its A-list leading man and a $250m budget, and analysts predict the movie studio stands to make a huge deficit on the blockbuster.

The film - which is based on a 1930s radio show and 1950s TV show of the same name - grossed just $48.9m in its opening weekend in the United States, settling for number two on the box office chart behind animated hit, Despicable Me 2. Meanwhile, the film has also had slow starts in other countries including Australia and Russia.

'Weekend's lone misfire'

Analysts had originally predicted that Disney could lose $150m on the project, but that number has since been escalated.

Financial expert Barton Crockett of Lazard Capital Markets told The Hollywood Reporter: "Many investors had been skeptical about Disney's Lone Ranger reboot. They were right. It was the weekend's lone misfire, and based on our math, could be pacing for a $190m write-off."

The film's low numbers have led to comparisons between it and Disney's 2012 failure, John Carter, which cost over $250m and lost the company $200m.

Disney had hoped to launch another hit franchise with The Lone Ranger by re-teaming star Johnny Depp - who plays Native American spirit warrior Tonto opposite Hammer's eponymous character - with Pirates of the Caribbean producer Jerry Bruckheimer and director Gore Verbinski.

As well as its massive $250m budget, the film also commanded a further $175m for marketing.

Analysts are expecting the film - which has yet to open in some countries, including the United Kingdom - to achieve just $275m worldwide at the end of its theatrical run. That is a stark contrast to the $1 billion the last Pirates movie - On Stranger Tides - made in 2011.

- BangShowBiz


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
DP Ruto accuses Raila of selling ...

DP Wiliam Ruto has castigated Raila Odinga for seeking western support to fund his 2017 election bid. Read more...

Submitted by
William Korir
Peter Kenneth announces Uhuru 201...

Peter Kenneth has announced that he will support President Uhuru Kenyatta in the 2017 elections. Read more...

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...