{"id":107383,"date":"2020-10-29T18:42:21","date_gmt":"2020-10-29T18:42:21","guid":{"rendered":"https:\/\/gamerant.com\/007-no-time-to-die-delays-are-costing-mgm-a-fortune\/"},"modified":"2020-10-29T18:42:21","modified_gmt":"2020-10-29T18:42:21","slug":"007s-no-time-to-die-delays-are-costing-mgm-a-fortune-game-rant","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/10\/29\/007s-no-time-to-die-delays-are-costing-mgm-a-fortune-game-rant\/","title":{"rendered":"007’s No Time to Die Delays Are Costing MGM a Fortune | Game Rant"},"content":{"rendered":"

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For almost 60 years now, James Bond<\/em><\/a> has developed the reputation to be more of a \u201cshoot first, ask questions later\u201d kind of agent, a style that\u2019s perhaps at odds with MGM\u2019s careful management of No Time to Die<\/em><\/strong>, as they continue to leverage 007\u2019s 25th installment until April 2021, one full year after its initially planned premiere date.<\/p>\n

According to previous reports, the studio\u2019s final decision to delay No Time to Die<\/em> for so long came after failing to reach a deal with any of the streaming platforms that inquired about a potential licensing deal, with Apple TV only offering up to $400m for the exclusive rights. However big that amount may sound, it felt quite short of the $600m minimum rumored to be floating around MGM executives\u2019 minds, a figure that does not seem far-fetched at all considering the kind of impact 007<\/em> tends to have at the box office<\/p>\n

RELATED: 10 Best James Bond Video Games (According to Metacritic)<\/a><\/strong><\/span><\/p>\n

Now, as The Hollywood Reporter reports, more information has surfaced to explain why MGM is choosing to skip streaming. First up there’s\u00a0No Time to Die\u2019s<\/em> $250m production cost, $50m spent on marketing for the delayed releases and generous bonuses signed by the movie\u2019s stars. On top of that, there\u2019s also the accruing interest on the unpaid loans that MGM took to finance the film, at a rate of $1m per month.<\/p>\n

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Even if that last part \u201conly\u201d adds around $12m by the time Bond is finally in movie theaters, No Time to Die<\/em> would be rounding off a total production cost on the low to mid range north of $300m. All these factors certainly make it an easy decision to delay the film, considering MGM had a box office target of at least 1$ billion for 007<\/em>.<\/p>\n

With Skyfall<\/em> bringing in $1.1b in 2012 and Spectre<\/em>\u00a0falling just short of that with $880.7m in 2015, MGM was right to have high expectations for 007 and it makes it obvious they were never going to take a sub-par deal after already taking in the biggest losses that pandemic could throw at them.<\/p>\n

No Time to Die<\/em><\/strong> is set to release in April 2021.<\/p>\n

MORE: James Bond: How Old Every 007 Actor Was In Each Movie<\/a><\/span><\/p>\n

Source: The Hollywood Reporter<\/a><\/p>\n\n

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Following rumors that MGM left up to $400m on the table for 007\u2019s latest outing to go VOD, there’s now more info on Bond’s casualty numbers<\/p>\n<\/div>","protected":false},"author":820,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"007's No Time to Die Delays Are Costing MGM a Fortune | Game Rant - ITTeacherITFreelance.hk","description":"Following rumors that MGM left up to $400m on the table for 007\u2019s latest outing to go VOD, there's now more info on Bond's casualty numbers"},"footnotes":""},"categories":[607],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/107383"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/820"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=107383"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/107383\/revisions"}],"predecessor-version":[{"id":107384,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/107383\/revisions\/107384"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=107383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=107383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=107383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}