Walt Disney has released its third quarter results, which show that Gore Verbinski’s doomed blockbuster The Lone Ranger, starring Johnny Depp and Armie Hammer, has lost the company somewhere between $160 million and $190 million.
Disney failed to pull in the crowds for the $250 million reboot of the classic western, despite heavy spending on a promotional campaign. Still, the company said it earned $1.85 billion in the quarter to the end of June, up from $1.83 billion last year. However, the losses from the Lone Ranger moviewill show up in the next quarterly figures.
The movie, which was panned by critics, made just $29 million in the US and Canada over its first week, a figure that doesn’t get close to the other major releases of the year. Iron Man 3 opened to $174 million, Despicable Me 2 pulled in $83 million, Man of Steel managed $116 million and even The Fast and Furious 6 made $97 million.