“Lone Ranger” shuts down production over budget problems

Walt Disney Studios has show down the movie adaptation of “The Lone Ranger” due to budget problems, the Associated Press reported.

The long-awaited film, starring Johnny Depp and Armie Hammer is now in jeopardy, the AP reported, citing an anonymous source close to the production.

Deadline Hollywood first reported on the film’s production halt.

According to the reports, the film had trouble reducing its $250 million budget down to $200 million.

The film had a ton of revenue potential, with its well-known storyline, cast, Gore Verbinski direction and Jerry Bruckheimer production.

Hammer was set to play the ranger, with Depp playing Tonto, the title character’s partner.