Funding was initially given to '20,000 Leagues Under the Sea' before it's transferred to 'Pirates of the Caribbean: Dead Men Tell No Tales' because the former project was scrapped.
Australia is luring "Pirates of the Caribbean: Dead Men Tell No Tales" down under. The government has agreed to give Disney $20.2 million incentives in the country's attempt to bring the "Pirates of the Caribbean 5" production to the area.
A rep for Aussie Arts Minister George Brandis said, "The government is pleased to agree to Disney's request to enable earlier funding to be repurposed for the production of Pirates of the Caribbean 5. Any decision to film productions in Australia (such as '20,000 Leagues Under the Sea' or 'Pirates of the Caribbean 5') is a commercial matter for Disney."
Funding was initially agreed for the "20,000 Leagues" production, but the Mouse House requested it be re-allocated to the "Pirates of the Caribbean 5" after the "20,000 Leagues" was abandoned following David Fincher's exit.
The production of the latest Jack Sparrow film is expected to cost around $200 million, and Disney is seeking incentives equal to 30% of the budget. Although the deal falls short of the extra boost the studio is looking for, they could still receive further funding from state agencies when they bring the production to regional locations.
After several delays, the fifth film is scheduled to start production early next year for July 7, 2017 release. "Kon-Tiki" helmers Joachim Ronning and Espen Sandberg serve behind the lens, Jerry Bruckheimer is back as a producer, Jeff Nathanson ("Men in Black 3") wrote the script, and Johnny Depp returns to play the main pirate.