It’s the end of one of the most profitable partnerships in movie history, as Disney and producer Jerry Bruckheimer have decided not to renew their first-look agreement, which expires in 2014. The move comes after “The Lone Ranger” tanked at the box office, with Disney saying they expect a $160 million to $190 million loss, once all is said and done.
The two sides aren’t placing the blame entirely on “The Lone Ranger,” though Disney Studios Chairman Alan Horn doesn’t let it escape without any fault, telling THR, “This is about a long-term relationship with lots of pluses and minuses. ‘The Lone Ranger’ certainly didn’t help things, but we all have our wins and our losses, and this is an overall thing related to the company’s supply of projects from all these other places.”
This doesn’t mean the projects Bruckheimer is already developing with Disney are canceled, as he says, “We’re still working on ‘Pirates’ and hopefully ‘National Treasure’.” It was recently announced by Bruckheimer that “Pirates of the Caribbean 5” was on hold due to script and budget concerns.
In the end, while “The Lone Ranger” is a sore spot, it’ll be impossible to look back on the partnership as anything but wildly successful. As Jerry concludes, “Our record stands for itself. Ten billion at the box office is not bad.”