MGM reportedly asked Netflix and Apple for $600 million to bring James Bond film 'No Time To Die' straight to streaming
- MGM held discussions with Netflix and Apple about releasing "
No Time To Die" directly on their streaming platforms, sources told Bloomberg.
- MGM wanted around $600 million for the upcoming
James Bondinstallment, but the streaming giants only wanted to pay half this price, Deadline reported.
- MGM has pushed back the release to April 2021 "to preserve the theatrical experience for moviegoers," it told Bloomberg.
"No Time To Die," the next James Bond film, could have easily bypassed cinemas and gone straight to streaming platforms following discussions between its film studio, Netflix, and Apple, according to various reports.
Metro-Goldwyn-Mayer (MGM) was looking for around $600 million in deals with Netflix and Apple during discussions in late September, sources close to the matter told Variety. The discussions were also reported by Bloomberg.Sources told Deadline that both Netflix and Apple were only willing to pay half this price for the film, which cost around $250 million to produce.
Read more: We talked to 8 studio execs, investors, and brokers about the big money pouring into film and TV production spaces. Here's a look at the opportunities — and risks — for this hot real-estate play.MGM has recommitted to bringing the film to
Theatrical release could bring in around $1.2 billion at the box office, Forbes estimated, just topping 2012's Skyfall, which made $1.1 billion.MGM declined to comment on any talks to the publications, but told Bloomberg 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 the publication.
The film was originally scheduled to release in April 2020, but has been pushed back twice during the pandemic as cinemas continue to limit the number of visitors due to social distancing restrictions.
"No Time To Die" marks the 25th installment in the James Bond franchise, and
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