By Teresa Jue
Updated October 02, 2014 at 02:03 PM EDT
Released: July 9, 2003 Box office: $654 million Although it seems weird to attribute too much importance to a series as lightweight as Pirates ,…

It was announced Thursday that the fifth installment in the Pirates of the Caribbean franchise will be filmed in Queensland, Australia.

According to a Walt Disney Studios press release, the Australian government secured the film’s location with a $21.6 million contribution, but estimates that the film will bring in $100 million in local revenue to Queensland while creating thousands of jobs. The last two large-scale productions to film in Queensland were San Andreas, the earthquake-disaster movie starring Dwayne “The Rock” Johnson, and Unbroken, Angelina Jolie’s Louis Zamperini biopic.

“Queensland leads Australia in attracting international film productions in the past financial year and this project is another boost to the screen industry,” said Queensland Premier Campbell Newman, in a statement. “We’re delighted to welcome Disney for filming and we’re incredibly proud to showcase Queensland to the rest of the world.”

The film will be produced by Jerry Bruckheimer and directed by Joachim Rønning and Espen Sandberg. Pirates 5 was originally slated for a 2015 release, but was delayed to a July 2017 release due to budgetary and script concerns.

Pirates of the Caribbean

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