'Pirates of the Caribbean' tops box office, 'Baywatch' sinks

Bob Iger chairman and CEO of The Walt Disney Company

Bob Iger chairman and CEO of The Walt Disney Company

The Johnny Depp-starrer is projected to take in $76.6 million over the four-day holiday weekend.

The first place finish also can't cover up a serious case of franchise fatigue.

Pirates of the Caribbean: Dead Men Tell No Tales pulled in $208.4 million from its global debut, for a worldwide total of $285.4 million, a figure which was at the high end of many box office analysts worldwide projections, claiming the movie would earn between $230 and $285 million worldwide in its opening weekend.

Last time out in 2011, On Stranger Tides pulled in US$90 million in its opening weekend.

Iger didn't reveal the name of the film that was the subject of the threat, but some news outlets, citing anonymous sources, proclaimed it was Pirates of the Caribbean: Dead Men Tell No Tales.

Salazar's Revenge introduces the franchise's next generation; Brenton Thwaites, who plays the son of Orlando Bloom's Will Turner and Keira Knightley's Elizabeth Swann, and actress Kaya Scodelario, an intelligent, headstrong woman escaping accusations of being a witch. Meanwhile, the animated film The Boss Baby added $1.7 million, bringing its impressive domestic total to $169 million. Overseas, it hauled in $208.4-M more treasure. But this doesn't mean that fans didn't go to theaters to see the latest Jack Sparrow adventure. R-rated comedy "Baywatch" belly-flopped in its debut, earning only about $18 million. That's far below early estimates. The movie carries a US$60 million production budget. Jay Scherick, David Ronn, Thomas Lennon, and Robert Ben Garant all have story credits.

Hanging on to the No. 2 spot this week is Baby Groot and the rest of the gang in "Guardians of the Galaxy Vol. 2", bringing in nearly $20 million. The film has earned more than $340.5 million in its four weeks of release. With a current domestic total of $57.3 million, it doesn't look like Covenant will end its domestic run in theaters anywhere near Prometheus' $126.5 million gross, and won't likely eclipse Aliens or even Alien Vs. Predator $85.2 million and $80.3 million domestic totals.

Teen romance Everything, Everything will round out the top five.

This weekend, a number of films are meeting or passing milestones. The James Gunn-directed sequel also added $8.6 million overseas for a global total of $450.1 million and worldwide sum of $783.3 million (through Sunday). The movie's previous pleasant record and big time star Johnny Depp makes Disney anticipate tremendous profits overseas to make up for any shortfall may happen.

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