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, 07:45

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

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...