The studio will release the movie on May 31, 2013
The studio had stopped production of the Johnny Depp movie, citing budget worries
Disney put the high-profile -- and equally high-budget -- movie on hold in August
The film has some of Disney's most important players attached: Johnny Depp, Gore Verbinski and Jerry Bruckheimer
Exclusive: Gosling would play Lone Ranger to Depp's Tonto in the Jerry Bruckheimer film
The "Alice in Wonderland" actor is in discussions to star in the quasi-prequel to "The Wizard of Oz"
Studio may be planning to shoot the sequels back-to-back
Jerry Bruckheimer will produce the update of the masked western hero
Steve Conrad ("The Weather Man") will write the second big-screen adaptation of James Thurber's short story
Universal pulls plug on drug-related drama after spending $8.5 million on project's development
The director won't helm a fourth installment -- if there is one.
