‘The movie is not for sale’: MGM destroys rumors it wants to release Bond movie No Time To Die on streaming VOD
It cost $ 250 million to produce, and in a pre-pandemic world, it would almost certainly gross $ 1 billion worldwide.
But after MGM pushed back the release of the film again, it is trying to quell rumors that it is considering offering Bond 25 No Time To Die to streaming services for a $ 600 million one-year licensing deal.
We do not comment on rumors. The film is not for sale. The release of the film has been delayed to April 2021 in order to maintain the theatrical experience for moviegoers, ” an MGM spokesperson said. Variety.
Hold Out For Theatrical Release: MGM about to quash rumors it is considering offering Bond 25 No Time To Die to streaming services for a $ 600 million one-year licensing deal
Bloomberg had reported that Netflix, Amazon, and Apple had all been approached about the possibility of the film being offered for Premium VOD.
It came after MGM and Bond producer Barbara Broccoli decided to postpone No Time To Die again and move it from its scheduled Thanksgiving release date to April next year due to the ongoing pandemic.
According to Deadline.comnone of the streaming services was willing to pay more than half the amount the studio was looking for.
So for now, Daniel Craig’s fifth and likely last appearance as Bond will bend in six months, although that could always change depending on how the COVID-19 outbreak continues next year.
Rumors: Bloomberg had reported that Netflix, Amazon and Apple have all been approached about the possibility of the film being offered for Premium VOD
Not available soon: MGM and Bond producer Barbara Broccoli decided to move No Time To Die from its planned Thanksgiving release date to April next year due to the ongoing pandemic. The film will be Daniel Craig’s fifth and final appearance as 007
Earlier this month, Craig defended the decision to postpone No Time To Die again, saying it was not “the right time” to go ahead and release it.
In an appearance on The Tonight Show With Jimmy Fallon, the British star explained: ‘This thing is just bigger than all of us.
‘We want to release the film at the same time all over the world and this is not the right time. So crossing fingers April 2 will be our date. ‘
Agree: Earlier this month, Craig defended the decision to delay No Time To Die again, saying on The Tonight Show With Jimmy Fallon that it wasn’t ‘the right time’ to release it
Studios were willing to switch to streaming to release some of their movies, while still sticking to films they consider tentpoles for whom there would be a built-in cinematic audience.
But theatrical releases remain extremely problematic.
When Christopher Nolan insisted that his movie Tenet be played on the big screen only, it was eventually released in the UK in late August and North America in early September, where the performance wasn’t as strong as hoped.
Recently, Sony sold the Tom Hanks starrer Greyhound to Apple TV +, and Paramount unloaded Eddie Murphy’s Coming To America sequel on Amazon.
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