"Dead Men Tell No Tales" opened on Friday and is leading the Memorial Day-weekend box office with about $110 million in ticket sales worldwide. Senior media analyst Paul Dergarabedian told Variety that the overall weekend could match last year's $205 million total - which was only the 10th best of all time.
The top-grossing movie ever for a four-day Memorial Day weekend opening was The Walt Disney Co.'s (NYSE: DIS) "Pirates of the Caribbean: At World's End". It is led by an A-list actor (Johnny Depp) and the main villain (Javier Bardem) won a Oscar for playing a villain in No Country for Old Men.
Box office numbers prove Disney knew what it was doing when the studio chose to make the fifth installment of the "Pirates of the Caribbean" franchise.
Baywatch has made only $22m in the United States - which is a poor return for Paramount.
That's great news for Disney, which was recently faced with some curious setbacks on this film.
"Pirates of the Caribbean: Dead Men Tell No Tales" was directed by Joachim Rønning and Espen Sandberg, the screenplay and story was written by Jeff Nathanson.
Insiders close to both films blame Rotten Tomatoes, with Pirates 5 and Baywatch respectively earning 32% and 19% Rotten.
Disney and Marvel's "Guardians of the Galaxy Vol. 2" was still in the second place with an estimated 19.9 million US dollars in North America in its third weekend. The studio should make back its production budget this weekend once worldwide ticket sales are taken into account.
Earning just $21 million at the USA box office, the remaining $86 million haul came from overseas markets... and that's quite an impressive number.
It was a rough holiday weekend for bad ocean-themed movies. It has the momentum coming off of its Thursday night take at the box office. Also, look for MGM/Warner Bros.' Everything, Everything to hold well in its second weekend of play as the young females audience will keep its grosses up and when they come to the theater, it's usually in packs.
Baywatch will be the Number Two film this weekend.
"Baywatch" will land in third behind Disney's "Guardians of the Galaxy Vol. 2", which has proven to be the only major hit to emerge from the summer box office so far.
Disney's Beauty and the Beast crossed $500-M domestically, becoming only the 8 film to do so, not accounting for inflation.