Somehow the studio and Verbinski found a way to lower the budget enough so that production could continue. According to Deadline, Disney is likely to have everything resolved next week. Then they can rehire crew and get ready for filming which could start in January or February.
With Johnny Depp playing the role of Tonto and Armie Hammer as the Lone Ranger it was surprising to hear in August that Disney had pulled the plug simply because of budget reasons. The film is still set to have a release date of December 21, 2012.
The studio feared that the budget could reach as much as $250 million, but now Jerry Bruckheimer and Verbinski have made it so that the $215 million goal is a reality. The cuts included making new deals with Depp, Bruckheimer and Verbinski, trimming the production budget and changing the shoot.
The three worked together on the first three Pirates of the Caribbean movies and Rango, and this will mark a re-team for them.