Box Office Battle: 'Pirates of the Caribbean' to top 'Baywatch'

Two major summer blockbusters are opening this holiday weekend -- Disney's (DIS) "Pirates of the Caribbean: Dead Men Tell No Tales," the fifth installment in the fantasy pirates series that stars Johnny Depp, and Viacom (VIA, VIAB) subsidiary Paramount's "Baywatch," which is based on the television series of the same name and stars Dwayne Johnson and Zac Efron. 'Pirates of the Caribbean,' which already brought in $5.5M in Thursday night previews, is expected to win the four-day weekend with $80M-$81M in domestic receipts. Action Comedy "Baywatch," which earned $4.5M in Thursday night previews, is expected to domestically gross $28M-$30M over the holiday weekend. Disney's superhero sequel "Guardians of the Galaxy Vol. 2" is expected to earn an additional $23M-$26M in its fourth weekend at theaters. 21st Century Fox's (FOX, FOXA) "Alien: Covenant," the sixth installment in the science-fiction franchise, is expected to domestically gross $18M-$22M in its second weekend at theaters. Publicly traded companies in the space include Comcast (CMCSA, CMCSK), Lionsgate (LGF.A, LGF.B), Sony (SNE), and Time Warner (TWX).