After an endless amount of delays, “No Time to Die” is set for an April 2021 theatrical release. And yet, the latest news finds MGM reportedly exploring selling the latest James Bond film to Netflix for an abnormal $600 million.
Variety reports that the studio was “at least open to the possibility of unloading their crown jewel for a princely sum,” looking for a deal that would rake them more than half a billion dollars. So far, the two streaming services interested (said to be Apple TV and Netflix) are trying to lower the asking price. A spokesperson for MGM denied any streaming deal “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.”
There’s also the issue of old-school Bond producers Barbara Broccoli and Michael G. Wilson actually agreeing to this. According to Variety, selling the North American distribution rights to “No Time to Die,” would still allow Universal Pictures to release the film internationally. MGM has already lost between $30 and $50 million already due to the delays