Pirates Of The Caribbean 5 Release Date Set On July 2017 As 'Pirates 5' Starts Production In North Queensland! Australian Government Gave The Film Tax Credits?

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The 5th installment of Disney's Pirates of Caribbean is set to start filming in Australia after the government approved the $20.2 tax incentives. Recentky, the Dead Men Tell No Tales, went into green line in Australia because of the different procedures on tax credits. The film is expected to shoot in North Queensland. The Film is set for release on July 2017. According to the spokesperson for Arts Minister George Brandis, the government is happy to allow Disney's to re-purpose the earlier funding for Pirates of the Carribean 5.

During the Monte Carlo Television Festival, Bruckheimer shared a few update about Pirates of the Caribbean 5, saying, "...hopefully we'll get started after the first of the year, that's what we're looking forward to." The directors of the film will be Espen Sandberg and Joachim Ronning.

The released was postponed for a later date because President Sean Bailey of Disney Production wants the film to be more complicated than ever. He said, "Like audiences around the globe, we have high expectations for Jack Sparrow's next adventure and we want to have all the right elements in place, we're not there yet and we want to make sure this project is everything these wonderful characters and of course the fans deserve."

Disney's jam packed schedule is another possible reason for the delay. Disney films like The Avengers, Star Wars Episode VII, and Terminator Reboot are set to be released in summer 2015.

Recently, The Business Insider said, The Pirates of the Caribbean film series has the top slot in being the most expensive films ever done since 2007. The Pirates of the Caribbean: At World's End costs $341.8 million, while, Pirates of the Caribbean: Dead Man's Chest (2006) costs $263.7 million. The four Pirates of the Caribbean films earned $1.6 billion worldwide. Disney paid Johnny Depp $116 million to play the role of Captain Jack Sparrow.

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