NO TIME TO DIE: MGM Wanted $800 Million For The Streaming Rights To The Movie At One Point
It turns out that MGM did indeed take part in talks to have No Time to Die on a streaming platform, but only one was seriously interested, and they weren't willing to pay as much as $800 million...
There's been a lot of chatter in recent days about what's happening with No Time to Die, and while the movie is currently dated for a theatrical release on April 2nd, 2021, The Hollywood Reporter confirms that talks with streamers did indeed take place. However, only Apple took such a deal seriously, throwing out an offer in the range of $350 million to $400 million.
That's wasn't good enough for MGM, though, and fell short of the $650 million - $700 million the studio wanted. In fact, one source tells the trade that $800 million was even mentioned at one point!
How did they reach that number?
Well, No Time to Die cost $250 million to produce, at least $50 million has been spent on marketing so far, licensing fees must be paid to a multitude of studios, and there are box office bonuses which also need to be paid out to the likes of Daniel Craig and director Cary Fukunaga.
Ultimately, streamers don't feel it's worth sinking that much money into a James Bond movie when they can produce their own blockbusters for a fraction of the cost. EON Productions' Barbara Broccoli, the longtime producer of the franchise, is a traditionalist, and was not a fan of the idea of skipping theaters.
For now, No Time to Die is coming to theaters in 2021. Some insiders believe another delay is imminent, and it will ultimately depend what happens during the first few months of next year.