The "STV" (Straight-to-Video) Rated R version of the film was a strategic move by Digital Playground to bridge the gap between adult content and mainstream entertainment.
It looks like you're referring to the 2008 made-for-TV movie "Pirates II: Stagnetti's Revenge". Here are some useful details about the film:
Over a decade later, Pirates II: Stagnetti's Revenge remains the definitive example of a high-concept, big-budget adult film. While subsequent parodies and productions have attempted to match its scale, none have managed to replicate its combination of a massive budget, a sprawling narrative, and a cast of superstars at the peak of their fame. It stands as a fascinating artifact of a moment in the 2000s when the adult industry looked to the Hollywood blockbuster model, complete with sequels, official soundtracks, and Blu-ray releases packed with hours of behind-the-scenes special features.
The version strips away explicit elements to spotlight the high production values, tongue-in-cheek humor, and impressive action-adventure choreography. Production Overview Joone Screenplay: Max Massimo
As the Sea Wolf cut through the mist, a massive silhouette loomed ahead. It wasn't an island. It was a vessel, ancient and jagged, its sails like tattered funeral shrouds. It was the Vengeance .
The "Rated R" version is a fascinating exercise in editing. Without the extended adult scenes, the pacing of the film changes drastically. What remains is a classic B-movie adventure.
A mystical dagger—the "Heart of the Sea"—is stolen from Reynolds’ vault. Without it, the seal on Stagnetti’s prison weakens. The undead pirate lord, now more demonic than ever, is resurrected with an insatiable hunger for revenge. Stagnetti (played with scene-chewing menace by Tommy Gunn) assembles an army of damned souls, while Reynolds and Steele must ally with unlikely pirates, including the treacherous Manuel Valenzuela (Steven St. Croix) and a mysterious, silent assassin named Serena (Sasha Grey).
Sharp, witty banter and campy humor that paid homage to classic Hollywood swashbucklers like Pirates of the Caribbean .