Pirates of the Caribbean Dominates Global Box Office

According to estimates from BoxOfficeMojo.com the fifth film in the franchise, "Pirates of the Caribbean: Dead Men Tell No Tales", sold $62.2 million in USA tickets for the first three days of wide release and looks set to close the four-day holiday weekend at around $77 million.

Disney's "Pirates of the Caribbean" sequel sailed to the top of the North American box office during the four-day Memorial Day weekend, raking in almost US$78.5 million (S$108.7 million), industry figures showed Tuesday. Notably, that weekend was helped by the release of Star Wars: The Phantom Menace, the first entry in the prequel series.

Pirates of the Caribbean: Dead Men Tell No Tales proves the world still loves the seafaring franchise, even if the U.S.is starting to turn its back on the films.

It was the second-lowest domestic opening for the almost US$4 billion franchise, but the latest film, which cost a reported US$230 million to produce, has massive worldwide appeal.

This year Disney came out on top, bringing in $77M with "Pirates of the Caribbean: Dead Men Tell No Tales", and $25M with "Guardians of the Galaxy 2".

Sitting at the fourth place at the box office was "Alien: Covenant", which nabbed an estimated $10.5 million on the three-day weekend and approximately $13.2 million after Memorial Day.

In terms of production cost, Baywatch is in the high-$60M range and is looking for a $40M four-day weekend gross while Pirates should double that estimates that are around $80M-$85M on a budget of about $230M. Indeed, studios' recent trend of distributing blockbusters equitably throughout the course of the year, instead of concentrating big releases in the summer months, has contributed to recent Memorial Day weekend woes. The Dead Men spun a tale of $62.1 million domestically, Flickering Myth notes. The franchise has generated nearly $4 billion in worldwide ticket sales, according to BoxOfficeMojo.com.

"Dead Men Tell No Tales" centers on Johnny Depp's Jack Sparrow battling deadly ghost sailors, led by Javier Bardem's Captain Salazar. With $18.1 million, the movie had the biggest opening weekend ever in the country of Russian Federation, according to state sponsored media and the Exhibitor Relations twitter account. Alien opened last week with a Guardians-toppling $36.2 million first place finish. Its four-day global total is expected to hit $300 million.

Written and directed by James Gunn, Guardians of the Galaxy Vol. 2 was made for $200 million and stars Chris Pratt, Zoe Saldana, Dave Bautista, Vin Diesel, Bradley Cooper, Michael Rooker, Karen Gillan, Sean Gunn, Pom Klementieff, Elizabeth Debicki, Chris Sullivan, and Kurt Russell. I should note that that worldwide revenue for the franchise has grown steadily for the franchise and the last film, On Stranger Tides, more than 75 percent of box office revenue was earned overseas, a whopping $804.8 million.

Everything, Everything rounds out the top 5 with $6 million for the normal weekend, down -48.7%, and $7.7 million over 4 days. Universal's "Fate of the Furious" became the sixth film to earn over $1 billion overseas.

  • Zachary Reyes