Apple, Netflix Consider Buying ‘No Time To Die’ For Streaming Services: Report

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Apple and Netflix are fighting over the rights to host the new James Bond film, No time to die on their streaming platforms.Details first came from film critic and screenwriter Drew McWeeny, who hinted on his Twitter account that both sides had offered “crazy” sums for the film. McWeeny then expanded the tweet into a newsletter, noting that over the past 10 days at least six people have contacted him, saying Apple and Netflix are most actively engaged in conversations with MGM, the studio that owns the Bond franchise.

Following McWeeny’s newsletter, several other publications, including Bloomberg and Variety, has published articles on the potential of No time to die come to Apple TV + or Netflix. An MGM spokesperson said Variety that the film “is not for sale”.

“The film’s release has been postponed until April 2021 in order to preserve the theatrical experience of moviegoers,” the spokesperson said. Variety.

It is worth noting that No time to die has been repeatedly postponed due to the ongoing COVID-19 pandemic. Considering how things look now, as well as the theatrical situation, it seems unlikely that the world will return to normal from here. No time to die the current April 2021 release window. In addition, other films have switched to streaming releases amid the pandemic, while Christopher Nolan Principe performed poorly in theaters, which suggests a theatrical release may not be the way to go at this time.

Variety goes on to note that he heard from “several insiders from rival studios and companies” who said that MGM had explored a possible bond sale, potentially seeking a deal of around US $ 600 million (around US $ 787.6 million). Canadian dollars). McWeeny also mentioned a figure of $ 600 million, but also claimed to have heard of a higher offer.

However, there are a few things to consider regarding a sale of No time to die. On the one hand, two other companies are involved in the film – Eon, which exercises control of the series and is expected to sign a deal, as well as Universal Pictures, which owns the overseas distribution rights for No time to die.

McWeeny provides an excellent analysis of the potential deal, addressing marketing and advertising deals and potential buyouts with international rights. Considering MGM’s position, US $ 600 million is an attractive offer for No time to die, which cost more than US $ 250 million (C $ 328.2 million) to produce.

Image Credit: MGM

Source: McWeeny, Variété Via: Binged



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