Ghost Rider Sequel Budget Cut In Half

Sony Pictures has reportedly cut its budget for the sequel “Ghost Rider: The Spirit Of Vengeance” from $135 million to a much leaner $75 million reports The Wrap.

The studio has apparently so much of its capital tied up in the “Spider-Man” reboot, “Men in Black 3” and David Fincher’s “The Girl With the Dragon Tattoo” adaptation that Hyde Park Entertainment has had to step in to co-finance the project and will take international rights.

Cuts are taking place across the board of the picture, returning star Nicolas Cage’s salary will reportedly take a cut from $12 million to $7 million. The first “Ghost Rider” was shot on a budget of $110 million and grossed $229 million worldwide.

Idris Elba, Ciaran Hinds and Placido Violante also star in the film which begins production shortly.