The upcoming James Bond movie “No Time to Die” could not head to Apple TV or different streaming providers for a premiere in spite of everything, but it surely appears studio MGM did discover the potential of promoting the film with a $600 million price ticket.
Studies surfaced in October that the repeatedly-delayed Bond film “No Time to Die” was being shopped around streaming providers for a possible sale, fairly than delaying the movie’s launch any additional. In an replace on Saturday, studio MGM has insisted the sale to Apple or every other streaming supplier is not taking place.
“We don’t touch upon rumors. The movie isn’t on the market,” a spokesperson told Selection. “The movie’s launch has been postponed till April 2021 to be able to protect the theatrical expertise for moviegoers.”
Report sources declare a possible sale was explored, with MGM curious about such a proposal, however solely at a excessive value. Insiders recommend the deal would have value the eventual purchaser roughly $600 million, which was apparently too excessive for streaming providers to undertake.
Whereas seemingly fairly excessive, streaming providers have been recognized to pay out appreciable sums for content material. For instance, Apple’s buy of Tom Hanks epic “Greyhound” was reportedly to the tune of $70 million.
The excessive value is prone to have been attributed to the perceived energy of the James Bond model, in addition to a must recoup the prices of manufacturing. The movie is alleged to have value in extra of $250 million to supply, although that was offset by promotional partnerships with Land Rover, Omega, and Heineken.
It’s extremely possible that these firms would not be eager on a streaming-only launch for the movie, given their advertising and marketing efforts. If the promotional companions wished a partial refund on what was paid to MGM, the studio must issue that into an eventual sale, in addition to having the corporations agree on such a sale to start with.
As film studios are persevering with to really feel strain to dump their properties to streaming providers as a result of ongoing coronavirus pandemic inflicting points for theater income, it’s possible extra offers corresponding to that of “Greyhound” will happen for the foreseeable future.