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Economics

Walt Disney To Lose Up to $190 Million on Lone Ranger

Box office fail

Reason Staff | 8.7.2013 9:50 AM

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Walt Disney has warned that its Lone Ranger summer blockbuster will lose it between $160m-$190m (£104m-£124m) after heavy spending on promotion failed to bring returns.

The news came with the entertainment giant's third quarter results.

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NEXT: Cory Booker Cashing in on His Star Power With an Internet Startup, May Have to Tone it Down if He's Elected to the Senate

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