Box office report: Pirates of the Caribbean 5 sails into first place

The original estimate for the film’s first weekend was $30 million. The other new movie this weekend was the Dwayne Johnson starring BAYWATCH (click the link to read our review). Disney’sGuardians of the Galaxy Vol. 2” should close out the holiday period with around $335 million in its first 25 days.

Over time, the Pirates franchise has become more reliant on overseas ticket sales and that shouldn’t be a problem. That film is Pirates of the Caribbean: Dead Men Tell No Tales, a movie that was tarred and feathered by critics and audiences.

Meanwhile, The Hollywood Reporter is estimating that the worldwide take of “Pirates” (which cost $200 million to make) could exceed $300 million in its opening weekend.

Heading into the Memorial Day weekend, most box office analysts predicted that Disney’s family-friendly adventure Pirates of the Carbbean: Dead Men Tell No Tales would have no trouble taking down the R-rated comedy Baywatch at the box office. Dead Man’s Chest came out in 2006 and brought in an opening-weekend revenue of $135.6 million. Aided by a Bank Holiday in the UK, Pirates will nearly certainly cross $300 million by the end of Monday. Overseas, Stranger Tides ended up with $804.6M or roughly 77% of the total gross which topped $1B. Globally, the Universal, a unit of Comcast (CMCSA) release has earned $1.22-B. First, Alien: Covenant, according to Mojo’s chart, lost almost 71 percent in grosses from its opening last weekend. Rounding out the top five, the YA adaptation “Everything, Everything” looks to have been a solid low-budget investment for Warner Bros. Previous year it was “X-Men: Apocalypse” that won the holiday with an $80M debut, the film easily trounced Disney’s “Alice Through the Looking Glass“, which only brought in $33M over the same time-period. Finally, Beauty and the Beast took in another $1.6 million to bring its domestic total to a whopping $500.6 million. 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). Amid a summer of disappointing box office flops, Guardians is an impressive early success story that continues to dominate each weekend, having yet to fall out of the top two in its first month in theaters.

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