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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 by RollTide1987
Augusta, GA
Member since Nov 2009
64965 posts
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

Posted by WPBTiger
Parts Unknown
Member since Nov 2011
30896 posts
Posted on 10/25/20 at 8:03 pm to
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51248 posts
Posted on 10/25/20 at 8:38 pm to
quote:

April 2021, t


I bet it gets delayed again. Thanksgiving 2021.
Posted by tigersmanager
Member since Jun 2010
7314 posts
Posted on 10/25/20 at 8:44 pm to
If this starts to happen movie theaters will die for good
Posted by bbrownso
Member since Mar 2008
8985 posts
Posted on 10/25/20 at 8:58 pm to
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.

Posted by Jack Ruby
Member since Apr 2014
22716 posts
Posted on 10/25/20 at 10:37 pm to
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.
This post was edited on 10/25/20 at 10:39 pm
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