No Time to Die’s seven-month delay could lead to a $30 million-plus hit for MGM Studios.
If The Hollywood Reporter’s sources are correct, the studio behind the latest James Bond movie, MGM Studios, will likely take a hit in the $30 million to $50 million range as a result of the seventh-month delay for the next James Bond movie that was announced earlier this week. The delay came after “careful consideration and thorough evaluation of the global theatrical marketplace.”
While not confirmed, the decision is likely the result of the ongoing COVID-19, otherwise known as the novel coronavirus, threat people around the globe are facing. Theaters around the globe have been closed temporarily which could lead to smaller box office numbers. Earlier this week, as reported by the BBC, two of the leading James Bond fan sites, MI6 Confidential and The James Bond Dossier, penned open letters asking the studio behind No Time to Die to “put public health above marketing release schedules.”
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If MGM Studios does take the hit that’s expected, No Time to Die won’t be the last film affected by the COVID-19 outbreak. Movie marketplace analysts believe the outbreak could result in a $5 billion loss for global box offices, according to The Hollywood Reporter. Other blockbusters coming this year like Black Widow and Furious 9 reportedly won’t be delayed, however.
The video game industry is being affected much in the same way the movie industry is by COVID-19. Several game companies pulled out of recent events with other shows like GDC 2020 postponing their show altogether.
No Time to Die is expected to release on November 12, 2020, in the U.K. and on November 25, 2020, in the U.S. The film was originally slated for an April 2 release in the U.K. and an April 10 release in the U.S.
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Now that you’ve got some extra time to catch up on all things James Bond, check out the No Time to Die Big Game Spot trailer and then check out the official trailer. After watching the trailer, you might be thinking Rami Malek is playing Dr. No in the movie and if so, you’re not alone.
If you haven’t yet listened to the official theme of No Time to Die from Billie Eilish, aptly titled No Time to Die as well, you can listen to the song now. Accompanying Eilish’s voice in the movie will be a score from The Dark Knight and Interstellar composer Hanz Zimmer.
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Wesley LeBlanc is a freelance news writer and guide maker for IGN. You can follow him on Twitter @LeBlancWes.
Source: IGN.com MGM Will Reportedly Take Million-Plus Hit After No Time to Die Delay