Entertainment
No Time To Dies Canceled, Apple’s Number Of Sales Reported To Be Higher
MGM was originally said to be asking for $ 600 million to stream No Time to Die on Apple, but a new report suggests the actual figure was higher.
The numbers forNo time to dieof the canceled Apple deal was much higher than initially thought. Back in March,No time to die was the first film to be delayed due to the coronavirus pandemic. The delay turned out to be a harbinger of how 2020 will move forward for films, as many projects ended up being delayed or sent straight to streaming.No time to die was first moved in November, but as the situation around cinemas did not improve, MGM postponed Daniel Craig’s last release from 007 until April 2021.
Long delays are costly for moves, which is part of the reason why several studios have made the decision to stream some movies directly. Last week, reports suggestingNo time to die would be the last film to follow this trend. It has been said that MGMcourted offers from streamers like Apple TV + and Netflix. A day later, however, MGM released a statement saying that was not the case, and thatNo time to die will remain on track for a theatrical release. At the same time, inside sources claimed that MGM was asking streamers for $ 600 million, a number well above what the services wanted to pay.
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A new report now says MGM wanted to go even higher toNo time to diestreaming rights. According toTHR, Apple in particular ratedNo time to diepotential and was considering an offer in the range of $ 350 million to $ 400 million. However, MGM actually wanted a figure closer to $ 650 or $ 700 million, with one source even saying that $ 800 million was mentioned.
Considering howNo time to dieWith the company’s budget estimated at $ 250 million, it’s no surprise MGM was looking for a significant number to sell. It’s almost guaranteed that a movie streamed instead of theaters won’t be as profitable and send a movie as big asNo time to die streaming would be both a major loss for theaters and a potential loss for MGM. It’s no surprise that MGM backed off the deal with Apple, especially since the streamer was aiming for a much lower price than the studio wanted.
As it is,No time to die is still slated for April 2021, and the hope is that theaters will return to normal by then.No time to die has long been regarded as one of the films that can help revive struggling theaters; only time will tell if this turns out to be true. At the very least, theaters and audiences can be assured that the next James Bond film will remain keen on the big screen for now.
Source: THR
Key release dates
- No Time to Die / James Bond 25 (2021)Release date: April 02, 2021
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