Bloomberg News

Disney Pulls Bruckheimer’s ‘Pirates’ From Summer 2015 Slate (1)

September 11, 2013

Walt Disney Co. (DIS:US) indefinitely delayed the planned summer 2015 release of “Pirates of the Caribbean: Dead Men Tell No Tales,” the fifth film in the successful action series.

The movie is being produced by Jerry Bruckheimer, whose latest Disney film, “The Lone Ranger,” flopped with audiences this summer. The latest “Pirates,” set to star Johnny Depp, was scheduled to open July 10 of that year, the Burbank, California-based company said yesterday in an e-mailed statement. Disney didn’t provide an explanation.

The “Pirates” movies rank among Disney’s most lucrative, along with Marvel and Pixar films. The first four have produced $3.73 billion in worldwide ticket sales since “The Curse of the Black Pearl” was released in 2003, according to researcher Box Office Mojo. The studio has struggled to boost profit with results held back by flops like “John Carter.”

This quarter, Disney may record a loss of as much as $190 million on “The Lone Ranger.” The picture, released in July, also starred Depp. Bruckheimer didn’t respond to a request for comment left with his assistant.

The Hollywood Reporter, yesterday cited script issues on the new “Pirates” movie for the delay.

Time Warner Inc.’s Warner Bros. said in July it would release a summer 2015 film that features comic book heroes Batman and Superman together.

Disney, the world’s largest entertainment company, rose 1.5 percent to $63.79 at 1:20 p.m. in New York. The stock (DIS:US) had gained 26 percent this year through yesterday, compared with 16 percent for the Dow Jones Industrial Average.

To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net


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