"Pirates of the Caribbean 5" release delayed

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Pirates of the Caribbean: On Stranger Tides sees Johnny Depp's return as the infamous Captain Jack Sparrow on a quest to find the Fountain of Youth. To do so he will have to face the ruthless Blackbeard and his cunning daughter Angelica, who has a mysterious history with the womanizing Sparrow. Geoffrey Rush again returns as the fun Captiain Hector Barbosa, and chaos ensues as the race to the Fountain of Youth begins.

September 11th, 2013

'Pirates of the Caribbean 5' has been delayed..

The swashbuckling adventure movie - which features Johnny Depp as Captain Jack Sparrow - was due to be in cinemas in July 2015 but will now be pushed back due to script and budget requirements.

Producer Jerry Bruckheimer told The Hollywood Reporter: ''We have an outline everyone loves but the script is not done. We want a script that everyone's signed off on and a budget that everyone's signed off on.''

Bruckheimer revealed that he is now targeting a 2016 release date for the sequel.

The movie, officially titled 'Pirates of the Caribbean: Dead Men Tell No Tales', was originally scheduled to begin filming in March under the leadership of directors Joachim Ronning and Espen Sandberg, the same people who worked on historical movie 'Kon-Tiki'.

The delay comes shortly after Bruckheimer and Depp's latest feature film, 'The Lone Ranger', flopped at the box office.

The 'Pirates' franchise launched with the 2003 release of 'Pirates of the Caribbean: The Curse of the Black Pearl' and it has spawned three hugely successful sequels.

The film series have grossed $3.7 billion worldwide, making it the fifth biggest movie franchise ever made.