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"Lone Ranger" To Lose $150 Million?

By Garth Franklin Monday July 8th 2013 09:18AM

Last year, just days after the film had opened, Disney Pictures announced they were essentially writing off $200 million due to the failure of "John Carter".

Now, box office experts and rival studio insiders are predicting a loss of around $150 million for the studio based on final opening numbers for "The Lone Ranger".

Ranger's production budget clocked in at $250 million, while the worldwide marketing cost is said to be $175 million.

Right now, the film is expected to earn $125 million domestically, and another $150 million globally.

The loss won't be as bad as 'Carter' due to a better domestic box-office performance, and the strong performances of "Iron Man 3" and "Monsters University" mitigating the damage.

Disney executive vp worldwide distribution Dave Hollis says: "It's very disappointing. Everything was perfect on paper, so today was incredibly frustrating."

Source: THR

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