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Disney may have lost up to $190 million on The Lone Ranger

Disney has lost between $160 million (£104 million) and $190 million (£124 million) after 'The Lone Ranger' flopped at the box office, according to reports.

The Wrap says the company will have to 'write down' the value of the company in the final financial quarter of the year because of the losses from the Johnny Depp/Armie Hammer movie.

It was originally thought that the loss would be more around the $150 million mark, but it appears that the film has performed worse than expected around the world.

The film has so far only made $175.5 million (£114.6 million) at the box office, a far cry from its $200 million (£130.7 million) budget.

Then there's the tens of millions of dollars that the film cost to market and promote around the world.

“Needless to say, we're disappointed with the result of 'The Lone Ranger',” Disney's chief financial officer Jay Rasulo said.

The film has been slated by critics too, which both the stars of the film and its producer, the Hollywood mogul Jerry Bruckheimer, blame for the film's performance, claiming that the reviews were unfair and formulated before the film was even released.

Depp, Hammer and Bruckheimer told Yahoo! UK Movies that the notices 'slit the jugular' of the film before it had a chance.

Despite big hits for Disney with 'Iron Man 3' and 'Monsters University', the company will still take a substantial financial hit from the flop. 
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