Is 'The Lone Ranger' Dead?

Walt Disney Pictures has halted production on Gore Verbinski's 'The Lone Ranger.' The film was set to star Armie Hammer as the titular western hero with Johnny Depp as his Native American sidekick but due to ballooning production costs and an increasingly expensive upcoming slate for the studio.

Disney is said to be in the process of bringing down costs in order to move forward with the film but it may delay the films release date which was supposed to have December 21, 2012 release.