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Johnny Depp, Pirates of the Caribbean: The Curse of the Black Pearl

Disney Enterprises

Pirates of the Caribbean: Dead Men Tell No Tales has set sail!

Walt Disney Pictures and Jerry Bruckheimer Films' comedy adventure began production in Queensland, Australia, Tuesday, the studio announced. The movie will be directed by Espen Sandberg and Joachim Rønning and is the fifth entry in the $3.7 billion franchise inspired by the Disney Theme Parks attraction.

Johnny Depp is reprising his Academy Award-nominated role of Captain Jack Sparrow. Of course, he isn't the only person returning for the journey: Geoffrey Rush (Barbossa), Kevin R. McNally (Joshamee Gibbs) and Stephen Graham (Scrum) are joining the 51-year-old actor for more danger on the high seas.

Newcomers include Javier Bardem, Kaya Scodelario, Brenton Thwaites and Golshifteh Farahani.

(Bardem's wife, Penélope Cruz, starred in 2011's Pirates of the Caribbean: On Stranger Tides.)

Tuesday's announcement also provided new details about the film's plot. "Thrust into an all-new adventure, a down-on-his-luck Captain Jack Sparrow finds the winds of ill-fortune blowing even more strongly when deadly ghost pirates led by his old nemesis, the terrifying Captain Salazar (Bardem), escape from the Devil's Triangle, determined to kill every pirate at sea...including him," Walt Disney Pictures said in a statement. "Captain Jack's only hope of survival lies in seeking out the legendary Trident of Poseidon, a powerful artifact that bestows upon its possessor total control over the seas."

Johnny Depp, Pirates of the Caribbean 4: On Stranger Tides

Peter Mountain/Disney Enterprises

Pirates of the Caribbean: Dead Men Tell No Tales will film entirely at Village Roadshow Studios and on locations within Queensland. The film was written by Jeff Nathanson and is being produced by Jerry Bruckheimer. Chad Oman, Joe Caracciolo, Jr. and Brigham Taylor are the movie's executive producers.

The film will be released on July 7, 2017.

Depp most recently starred in Mortdecai, which debuted to abysmal reviews and poor ticket sales.

Walt Disney Studios has several other projects in the pipeline, including McFarland, USA (Feb. 20, 2015); Cinderella (March 13, 2015); Monkey Kingdom (Apr. 17, 2015); Tomorrowland (May 22, 2015); Inside Out (June 19, 2015); The Good Dinosaur (Nov. 25, 2015); Star Wars: The Force Awakens (Dec. 18, 2015); Zooptopia (March 4, 2016); The Jungle Book (Apr. 16, 2016); Finding Dory (June 17, 2016); and Moana (Nov. 23, 2016). Meanwhile, Marvel Studios will release Avengers: Age of Ultron on May 1, 2015, and Ant-Man on July 31, 2015. Its other movies, scheduled for release through 2019, are not in production.