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Report: MGM tried shopping No Time to Die to streaming services for $600 million
Posted on 10/25/20 at 7:56 pm
Posted on 10/25/20 at 7:56 pm
After several delays that finally saw No Time to Die, the latest James Bond film, move its release date from April 2020 to April 2021, the movie studio behind it reportedly tried to sell the distribution rights. They talked to Netflix, Amazon Prime, and Apple+ but none of them were willing to pay the reported $600 million price tag MGM was attaching to it.
Variety
Variety
Posted on 10/25/20 at 8:38 pm to RollTide1987
quote:
April 2021, t
I bet it gets delayed again. Thanksgiving 2021.
Posted on 10/25/20 at 8:44 pm to RollTide1987
If this starts to happen movie theaters will die for good
Posted on 10/25/20 at 8:58 pm to RollTide1987
I saw that it might go to streaming since MGM wanted the cash.
I'm shocked they thought they could get $600 million for it.
I'm shocked they thought they could get $600 million for it.
Posted on 10/25/20 at 10:37 pm to bbrownso
These idiots in Hollywood don't realize that without theaters, which they are basically killing by delaying these films, it will eliminate their industry as well.
Sure, Netflix and Amazon, etc can always produce those $12 million productions by Andy Samberg and Sophia Coppola, but the days of the $200 million blockbuster that netted you $1 billion+ will be wholesale gone.
No streaming service in the world is going to pay that kind of $$ for a movie. It's not like they will gain enough subscribers to offset that cost.
And by going all streaming, it also massively spikes the piracy of these films. Before, some people I guess would sit through a Cosmo Kramer in-theater pirate filming of the projection, but the peoduct is shitty and everyone would just rather pay the $10 and go to the theater anyway.
But now, a steaming film or show can be on pirate sites and platforms within minutes and it's the exact same quality that the paid subscribers just saw.
It's amazing how the same people that are basically advocating for all the madness and hysteria are the very people it will affect the most financially.
How many of these actors and producers are still going to do it when the pay is $50,000 instead of $5 million?? Welcome to the real world I guess.
Sure, Netflix and Amazon, etc can always produce those $12 million productions by Andy Samberg and Sophia Coppola, but the days of the $200 million blockbuster that netted you $1 billion+ will be wholesale gone.
No streaming service in the world is going to pay that kind of $$ for a movie. It's not like they will gain enough subscribers to offset that cost.
And by going all streaming, it also massively spikes the piracy of these films. Before, some people I guess would sit through a Cosmo Kramer in-theater pirate filming of the projection, but the peoduct is shitty and everyone would just rather pay the $10 and go to the theater anyway.
But now, a steaming film or show can be on pirate sites and platforms within minutes and it's the exact same quality that the paid subscribers just saw.
It's amazing how the same people that are basically advocating for all the madness and hysteria are the very people it will affect the most financially.
How many of these actors and producers are still going to do it when the pay is $50,000 instead of $5 million?? Welcome to the real world I guess.
This post was edited on 10/25/20 at 10:39 pm
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