August 8 2013

Pirates of the Caribbean 5 Budget Being Trimmed

Pirates of the Caribbean logo

If things look a little less grand in Pirates of the Caribbean 5 when you see it, you can thank The Lone Ranger.

Disney, to be blunt, is currently running scared. While its Marvel movies are doing well, its own films are having a very painful run of it. Last year John Carter tanked, and tanked hard, bringing in $282.7 million globally off of a $250 million dollar budget. While to the untrained eye that may look like a profit, in Hollywood that is a very large loss. And now the golden team of Jerry Bruckheimer, Johnny Depp and director Gore Verbinski – the team that brought you the first three Pirates of the Caribbean films – have delivered a massive bomb to the doorsteps of the House of Mouse in the form of The Lone Ranger.

A little over a month since its release, The Lone Ranger has brought in $175.6 million globally off of a reported $215 million dollar budget. In the U.S. the film doesn’t even look like it will break $100 million. In short, this is a train wreck for Disney, and someone will have to pay. That’s what happens when a studio says it will have to take between a $150 to $190 million dollar loss on a film.

According to The Wrap, Disney is slashing the budget for Pirates of the Caribbean from $250 million to $200 million and looking at taking away Bruckheimer’s “final cut” rights. This means that Bruckheimer is being punished, and he’s being punished hard. Disney has clearly lost its faith in him, and after the critical hit Pirates of the Caribbean: On Stranger Tides took, and the financial disaster that is The Lone Ranger, you can’t really blame them.

Will it makes Pirates of the Caribbean 5 a stronger or better film? I guess we’ll find out when it hits theaters on July 10, 2015.

Depp, meanwhile, still has all of his projects under development with Disney, so it appears you can choose to wear a dead bird on your head and still go about doing whatever you like.

Source: The Wrap .

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