“No Time To Die” was supposed to be released this past April, but the COVID-19 pandemic delayed it until November, and when that date got postponed to the Spring of 2021, well, MGM panicked. The Bond studio is now very serious about selling the right to their latest James Bond film to, gulp, a streaming service. Their asking price is rumored to be $650-700 million.
It all stems from MGM feeling the pressure because, according to The Hollywood Reporter, the latest James Bond movie’s theatrical delays are costing MGM $1 million per month in interest alone. THR is also reporting that it wasn’t even Netflix who came closest to matching the $650 million price tag, but, rather, Apple. According to the report, Apple wouldn’t go over $400 million for what would have been a 12-month license. MGM is still refusing to go under $600 million for the sale.
I truly believe we will be seeing the first Bond movie ever premiering online instead of in theaters. It’s coming, folks. There is no light at the end of this tunnel After the failed “Tenet” experiment by Warner Bros. in the U.S. every single studio delayed their prized blockbusters. None of them will be coming out now until there is a vaccine or COVID cases have been drained out to the single digits.