Walt Disney Studios said Tuesday that the release of Johnny Depp's next vehicle, "Pirates of the Caribbean 5," would be delayed but gave no further details.

"Like audiences around the globe, we have high expectations for Jack Sparrow's next adventure and we want to have all the elements in the right place," Disney Production President Sean Bailey told industry website Deadline.com.8 "We're not there yet and we want to make sure this project is everything, these wonderful characters, and, of course, the fans deserve," Bailey said.

Disney did not provide reasons behind the postponement of the scheduled July 10, 2015 release nor provide a new release date, but industry media outlets said the script needed more time.

Producer Jerry Bruckheimer said the decision stemmed from script issues, and the Hollywood Reporter said he hoped the movie would be ready by summer 2016.

The announcement comes after another major Depp film, "The Lone Ranger," failed at the box office this summer, further denting Bruckheimer's seeming invincibility.

Depp is set to return to the fifth installment of the popular adventure franchise to reprise the lead role of Capt. Jack Sparrow. The "Pirates of the Caribbean" series is directed by Norwegian filmmakers Joachim Ronning and Espen Sandberg. Their adventure film "Kon-Tiki" earned a nomination for the best foreign language Oscar.

The first four "Pirates" films excelled at the global box office, grossing 3.7 billion U.S. dollars. Endi

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