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Disney Predicts It Will Lose Between $160-$190 Million On 'The Lone Ranger' Bomb
Disney Predicts It Will Lose Between $160-$190 Million On 'The Lone Ranger' Bomb
Kirsten AcunaAug 7, 2013, 03:27 IST
DisneyJohnny Depp plays Tonto in "The Lone Ranger."Disney predicts a $160-$190 million write down next quarter on box-office flop "The Lone Ranger."The company made the announcement during its Q3 earnings call. "The Lone Ranger" cost the studio an estimated $215+ million with additional money for marketing and faced multiple delays from the studio including a cancellation scare back in 2011.The film, starring Johnny Depp and Armie Hammer, debuted to a weak $29 million three-day opening weekend — less than that of last year's "John Carter" ($30.2 million).Analysts originally estimated the film to bring in near $60-$70 million upon its box-office debut.Currently, the film has earned $175.6 million worldwide. The film has failed to break $100 million domestically. After its last blockbuster bomb, "John Carter," Disney originally predicted near a $200 million write off on the film. In Q2 2012, Disney's operating income saw a loss of $84 million in part to "John Carter."
