'Pirates of the Caribbean 5' to be released in 2017

Johnny Depp stars in the second installment of Johnny Depp stars in the second installment of the "Pirates" series, 2006's "Dead Man's Chest." Photo Credit: AP

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The long-planned fifth movie in the "Pirates of the Caribbean" franchise will be released July 7, 2017, Walt Disney Studios announced.

Initially planned for summer 2015, and then moved last September to the following summer, the adventure series starring Johnny Depp as Capt. Jack Sparrow retains its originally announced directors, the "Kon-Tiki" team of Joachim Rønning and Espen Sandberg. According to trade magazines, script issues have contributed to the delay.

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Rønning and Espen said in August the film was subtitled "Dead Men Tell No Tales," but Disney gave no title other than "Pirates of the Caribbean 5."

The first four films, released from 2003 to 2011, have grossed over $3.7 billion worldwide.

"Pirates 5" will face competition the following week from 20th Century Fox's "The Fantastic Four 2," the already planned sequel to the 2015 reboot of that Marvel Comics adaptation. Additionally, Universal Pictures' animated "Despicable Me 3" opens June 30, 2017.

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