James Bond will not return… to theaters?
Netflix and Apple would only offer about $300 million. The movie cost $250 million to make.
But, on the other hand, if they dump it into the theaters, it’ll make… what? 30 million in the whole US?
MGM denies the rumor:
“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,” an MGM spokesperson told Variety.
However, multiple insiders at rival studios and companies said that a possible Bond sale was explored overtly, and believe that MGM was at least open to the possibility of unloading their crown jewel for a princely sum. The studio was said to be looking for a deal of roughly $600 million — a price tag that was deemed too rich for two of the free-spending streaming services. A sale of this magnitude would be led exclusively by Kevin Ulrich, the chairman and CEO of MGM’s majority owner Anchorage Capital Group, insiders said.
There’s declining demand for Daniel Craig’s overly serious, overly woke Bond in the first place, nevermind with all the covid fear.
I bet it does come to TV.
Because MGM really wants to finally release this somewhere — it’s costing them $1 million per month in interest costs, and they also keep spending money for marketing every four months for a film which never comes out.
It’s gonna be woke and preachy anyway…
Read the whole thing at the Ace of Spades blog.