'The Lone Ranger' to Cost Disney $160-$190M in Q4

Disney will take a write-down of $160 to $190 million in the next fiscal quarter, the company said during its earnings call on Tuesday. 

"The Lone Ranger" has grossed just $175.5 million at the global box office, a pittance for a movie that cost more than $200 million to produce – and millions more to market. Though it opened in theaters in the third quarter, its main hit to the company's bottom line will not be reported until the next quarter given recent changes in reporting standards.


http://www.thewrap.com/movies/article/lone-ranger-cost-disney-160-190m-q4-earnings-108876

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