Thank you for reading the news about 'No Time To Die' not for sale ... and now with the details
Aden - Yasmine El Tohamy - MGM maintains the film will release in theatres next year.
Recent rumours had suggested that No Time To Die, which brings back Daniel Craig as the iconic spy James Bond, was exploring a $600 million one-year licensing deal with an OTT platform but MGM, the studio behind the film, has now quashed all such reports saying the film is not for sale for direct digital release.
According to a piece in Bloomberg, streaming platforms including Netflix, Amazon and Apple, had been exploring the possibility of acquiring the film. It happened after the studio MGM and producer Barbara Broccoli decided to postpone No Time To Die again, and move it from its rescheduled November release date to April next year due to the ongoing pandemic.
MGM which has reportedly lost between $30 million and $50 million due to the delays, said, "We do not comment on rumours. 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".
Despite the clarification, multiple sources from rival companies claimed that a possible Bond sale was explored, and believe that MGM was open to the possibility of selling the film but at a hefty price.
The studio was said to be looking for a deal of roughly $600 million, which the streaming platforms were not ready to pay. For the makers, it cost over $250 million to produce the film.
These were the details of the news Bollywood News - 'No Time To Die' not for sale ... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Khaleej Times and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.