"Pirates of the Caribbean 5" fans have long been waiting for the fifth installment in the "Pirates of the Caribbean" franchise. Fortunately for the fans, it looks like they can finally get to see Jack Sparrow and the rest of the pirates by 2017, as the movie's directors, namely Joachim Ronning and Espen Sandberg, have officially announced that they were able to secure a release date for the blockbuster by 2017.

Still, there has not been any confirmation about when the production for the upcoming "Pirates of the Caribbean 5" will start. As reported, everyone is hoping that the movie gets to have a go-ahead for its production by early 2015.

According to online reports, Walt Disney just would not quit negotiating with the Australian Government to claim a 30% incentive for filming the massive budgeted "Pirates of the Caribbean 5" flick. To date, there is still no word on whether or not Australia has given their permission.

Some reports have indicated the initial negotiation with the Australian Government was for another movie, "20,000 Leagues Under the Sea." However, since David Fletcher has now left the director's spot for this movie, Disney is now interested to relocate "Pirates of the Caribbean: Dead Men Tell No Tales" to Australia as well.

Even if it is a known fact that the "Pirates of the Caribbean" franchise is most likely the biggest gold mine for Disney's blockbusters, preparing for the set has taken quite a toll on its production phase.

Still, fans will be glad to hear that Johnny Depp will be reprising his role as the infamous Captain Jack Sparrow and that he will be joined by his co-star Geoffrey Rush. As soon as Australia says "Yes," Depp and the rest of the team will most likely start to get on with the production stages.

If everything goes as initially planned for "Pirates of the Caribbean 5," Disney could be looking at a clean $21.6 million figure.