The 5th iteration of Pirates of the Caribbean will begin filming in Puerto Rico (not Hawaii) in November 2012 for a 2015 release. The script for part 5 was finished before Pirates of the Caribbean: On Stranger Tides even finished theater distribution. No confirmation from Disney on the rumors that Pirates of the Caribbean 5 will be filmed side-by-side with part 6 of the series. Johnny Depp will return again as Captain Jack Sparrow. Directing the project will be Rob Marshall.
The series has grossed more than $3.7 billion around the world so far, ranking it among the most successful movie franchises ever, while production costs topped $900 million through four installments.