MGM is exploring the sale of its latest James Bond film No Time Left to Die to streaming services like Netflix, Apple, and others. The film’s original release date of spring 2020 was rescheduled for November due to coronavirus shutdowns, and then delayed again to its current release date of April 2021. But with movie theater attendance dwindling, MGM is reportedly looking to skip theaters altogether.
But the movie studio might be crazy if they think they can get their current asking price, a whopping $600 million. Even the deepest-pocketed streamers are unlikely to shell out that kind of money for a film. To compare, Apple+ paid $70 million for Tom Hanks’ Greyhound this summer. MGM has reportedly lost somewhere between $30 and $50 million from all the delays for No Time to Die, and with a film budget of 250 million, its clear MGM is trying to make a successful profit off the would-be blockbuster.
MGM is still in denial that it’s tried to sell the film, with a spokesperson telling Variety, “We do not comment on rumors. The film is not for sale. The film’s release has been postponed until April 2021 in order to preserve the theatrical experience for moviegoers.”
However, sources from competing studios in the industry say the film has definitely been shopped around. For now, the release date is set for April 2, 2021.
Subscribe to our YouTube channel for our live Q&A, weekly news recap, and more.
Follow us for more cord cutting news, tips, and reviews.
Plus, join our Tech Support Facebook Group for cord cutting support from our community.
Sign up for our newsletter
Get our weekly newsletter, the latest deals, and much more.
Tmera studied journalism at Utah State University where her career began as Senior News Writer for the campus publication. After a few stops along the way, her love of writing and media led her to Cord Cutters News where she reports on breaking headlines, device updates, programming highlights, and more. Before joining the CCN team, Tmera worked in broadcast news, freelance writing, and radio.