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October 30, 2020
Rumor/Report: MGM Tried to Sell James Bond Film "No Time to Die" Film to Streaming Services for $600 Million, But They Said "Nah, Son"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? The film has already lost 30 to 50 million dollars just due to delays. 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.
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. MGM financed No Time To Die with a large loan, which is typical of many big budget movies, but the ongoing delays to release have meant that interest is beginning to build up and will not be paid off until the movie hits screens. The report includes a quote from Hal Vogel, CEO of Vogel Capital Research, who says that the studio is now struggling, and they are far from the only one. Good. Let it be A Fine Time to Die for Hollywood. To hell with these animals. I said "I'm done" after Spectre. It was so, so bad. It was a mix of the stupid corniness of the Roger Moore years, but with this gray, glacial boring "serious" tone. Trying to be all "serious' while they run campy Roger Moore "action" sequences. And blofeld being Bond's brother? THAT WAS A JOKE THAT AUSTIN POWERS DID. And you're doing it for real? And trying to be serious about it?
Nah, son. I'm out.
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