Report: MGM considered moving James Bond to streaming but Apple/Netflix balked at $600m price tag
Many publications have reported in the last 48 hours that MGM was looking to sell the newest James Bond film, No Time To Die, to a streaming service as low box office numbers continue to threaten the success of a traditional cinema release. The film currently has a release date of 2nd April 2021, with the studio having already delayed the date twice this year following the pandemic-induced slump in cinema ticket sales.
According to Variety, MGM took bids from Apple TV+, Netflix and others. However, it was looking for a deal worth approximately $600 million, a price tag that even the deepest pocket streaming services were not interested in.
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