LOS ANGELES (AP) -- It was smooth sailing to the top spot at the box office for "Pirates of the Caribbean: Dead Men Tell No Tales," but the waters were choppier for the Dwayne Johnson comedy "Baywatch."
Studio estimates on Sunday say the fifth installment of the "Pirates of the Caribbean" franchise commandeered $62.2 million in its first three days in theaters.
The Johnny Depp-starrer is projected to take in $76.6 million over the four-day holiday weekend.
It was the second-lowest domestic opening for the nearly $4 billion franchise, but the latest film, which cost a reported $230 million to produce, has massive international appeal. Its four-day global total is expected to hit $300 million.
Having the majority of profits come from international receipts is not worrying Walt Disney Studios.
"This is a trend that we've seen play out over the course of these films," said Dave Hollis, executive vice president of distribution for Disney. "'Pirates' is a huge spectacle film of the kind that international audiences continue to be drawn toward ... but the domestic response also shows that the audience for this film is clearly there."
The R-rated "Baywatch," meanwhile, is sinking like a rock. The critically derided update of the 1990s TV show earned only $18.1 million over the weekend against a nearly $70 million price tag. Including Thursday earnings, the film is projected to collect $26.6 million by the close of Memorial Day.
Even "Guardians of the Galaxy Vol. 2" did better in its fourth weekend. The space opera added $19.9 million to take second place ahead of "Baywatch" at the box office.
The "Baywatch" miss could be attributable to a couple of factors. Even with the star power of Johnson, R-rated Hollywood updates to family friendly television shows have a dubious track record, ComScore senior media analyst Paul Dergarabedian said.
Earlier this year, Dax Shepard's R-rated update of "CHiPs" tanked, netting only $18.6 million domestically against a $25 million budget.
This month's box office has also been tough on nearly every film except "Guardians of the Galaxy."
"'Baywatch' doesn't stand alone as a casualty in this marketplace," Dergarabedian said. "It's joining a cadre of other films that have underperformed."
Even the decently reviewed "Alien: Covenant" dropped an uncommonly steep 71 percent in its second weekend in theaters to take fourth place with $10.5 million. The teen romance "Everything, Everything" rounded out the top five with $6.2 million.
"Hollywood needs June to save the box office world," Dergarabedian said.
First up to that challenge: "Wonder Woman."
Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to comScore. Where available, the latest international numbers for Friday through Sunday are also included. Final domestic figures will be released Monday.
1."Pirates of the Caribbean: Dead Men Tell No Tales," $62.2 million ($208.4 million international).
2."Guardians of the Galaxy Vol. 2," $19.9 million ($8.6 million international).
3."Baywatch," $18.1 million.
4."Alien: Covenant," $10.5 million ($10.8 million international).
5."Everything, Everything," $6.2 million.
6."Diary of a Wimpy Kid: The Long Haul," $4.4 million ($2.4 million international).
7."Snatched," $3.9 million ($1.4 million international).
8."King Arthur: Legend of the Sword," $3.2 million ($10 million international).
9."The Boss Baby," $1.7 million ($2.9 million international).
10."Beauty and the Beast," $1.6 million ($3.8 million international).
Estimated ticket sales for Friday through Sunday at international theaters (excluding the U.S. and Canada), according to comScore:
1. "Pirates of the Caribbean: Dead Men Tell No Tales," $208.4 million.
2. "Alien: Covenant," $10.8 million.
3. "Dangal," $10.6 million.
4. "King Arthur: Legend of the Sword," $10 million.
5. "Guardians of the Galaxy Vol. 2," $8.6 million.
6. "Get Out," $7.3 million.
7. "Our President," $4.3 million.
8. "God of War," $4.2 million.
9. "Beauty and the Beast," $3.8 million.
10. "The Fate of the Furious," $3.3 million.
Universal and Focus are owned by NBC Universal, a unit of Comcast Corp.; Sony, Columbia, Sony Screen Gems and Sony Pictures Classics are units of Sony Corp.; Paramount is owned by Viacom Inc.; Disney, Pixar and Marvel are owned by The Walt Disney Co.; Miramax is owned by Filmyard Holdings LLC; 20th Century Fox and Fox Searchlight are owned by 21st Century Fox; Warner Bros. and New Line are units of Time Warner Inc.; MGM is owned by a group of former creditors including Highland Capital, Anchorage Advisors and Carl Icahn; Lionsgate is owned by Lions Gate Entertainment Corp.; IFC is owned by AMC Networks Inc.; Rogue is owned by Relativity Media LLC.
Follow AP Film Writer Lindsey Bahr on Twitter at: http://twitter.com/ldbahr