Disney has halted production on The Lone Ranger.
The movie was set to begin filming this October for a summer 2012 release but budget issues have caused Disney to halt proceedings.
It's believed that Disney wanted the movie to cost $200 million but the Gore Verbinski directed movie has exceeded that figure.
The film had brought together an impressive cast as Armie Hammer was set to play the title character while Johnny Depp was to play Tonto.
Supporting cast included British actresses Helena Bonham Carter and Ruth Wilson while Barry Pepper and The Pacific star James Badge Dale were also on the cast list.
The movie would have reunited Depp with his Pirates of the Caribbean director Verbinski - they worked together earlier this year on animation movie Rango.
It's believed that Disney have already shelled out $250 million and $200 million for projects John Carter and Oz The Great and Powerful.
Whether the movie will eventually go ahead is uncertain as there was talk of a fifth Pirates of the Caribbean movie.
Depp is currently working on Dark Shadows and will be back on the big screen at the end of the year with The Rum Diary.
Tagged in Gore verbinski The Lone Ranger