"The film is not for sale": MGM suppresses rumors that the Bond film "No Time To Die" will be released while streaming on VOD
It cost $ 250 million to produce, and in a pre-pandemic world, it was almost certain to grossed $ 1 billion worldwide.
But after MGM pushed back on the release of the film, MGM is trying to dispel rumors of offering Bond 25 No Time To Die streaming services for a one-year license deal worth $ 600 million.
& # 39; We don't comment on rumors. The film is not for sale. The release of the film has been postponed to April 2021 to preserve the theater experience for moviegoers, "an MGM spokesman told Variety.
Get Ready For Theatrical Release: MGM is trying to quell rumors that it plans to offer Bond 25 No Time To Die streaming services for a one-year licensing deal for $ 600 million
Bloomberg reported that Netflix, Amazon and Apple had all been approached about the possibility of offering the film on Premium VOD.
This 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 next April due to the ongoing pandemic.
However, according to Deadline.com, none of the streaming services were willing to raise more than half the amount the studio was looking for.
Daniel Craig's fifth and likely final appearance as Bond is set to take a bow in six months for now, though that could change over and over again depending on how the COVID-19 outbreak continues next year.
Rumors: Bloomberg reported that Netflix, Amazon and Apple had all been approached about the possibility of offering the film on Premium VOD
Not in Brief: MGM and Bond producer Barbara Broccoli decided to postpone No Time To Die from their rescheduled Thanksgiving release date to next April 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 time to release it.
In an appearance on The Tonight Show with Jimmy Fallon, the British star stated, “This thing is just bigger than any of us.
“We want to release the film all over the world at the same time, and this is not the time. So keep your fingers crossed, April 2nd will be our date. & # 39;
Agreed: Earlier this month, Craig defended the decision to postpone No Time To Die again, telling Jimmy Fallon on the Tonight Show that it was not the time to release it
The studios were ready to turn to streaming to get some of their films out, while continuing to hold on to what they consider tent poles and for which there would be a built-in movie audience.
However, theatrical releases remain extremely problematic.
When Christopher Nolan insisted that his film Tenet only run on the big screen, it was finally released in late August in the UK and early September in North America, where its performance wasn't as strong as hoped.
Sony recently sold the Tom Hanks star Greyhound to Apple TV +, and Paramount unloaded Eddie Murphy's sequel Coming To America to Amazon.