The Walt Disney Company, which had pulled the plug in August on its high-profile movie version of one of the most famous TV and radio shows, has now agreed to go ahead with the project, according to Mike Fleming at Deadline.com.
The initial problem the company had with its movie version of "The Lone Ranger," featuring Johnny Depp as Tonto, was that the film’s projected budget was too expensive.
Writes Fleming, "I’m hearing that Disney has set ‘The Lone Ranger’ to start production February 6, 2012. That re-establishes one of the most intriguing examples of a star-driven film that was unplugged because of high budget and was put back together in a way that gives the studio a chance to recoup its costs."
Originally the movie was to cost between $250 million and $275 million. According to the article, "On ‘Lone Ranger,’ there has been a lot of behind-the-scenes drama as the three principal players [Depp, producer Jerry Bruckheimer and director Gore Verbinski] made concessions in their deals, and worked on the script to salvage the spectacle that made the movie worth making in the first place while bringing the budget down to a more manageable figure in the $215 million range."