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‘No Time To Die’ Was In Talks For A $600 Million OTT Release Deal

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James Bond star Daniel Craig had said the decision to push the release of his upcoming 007 film, No time to die from November to spring 2021 was taken in order to allow fans to enjoy the film at the same time all over the world.

“This thing is just bigger than all of us,” Craig told Jimmy Fallon. “We want to release the film all over the world at the same time and now is not the right time. So let’s keep our fingers crossed, April 2 will be our meeting, ”he added.

Now, Variety reports that streaming platforms like Apple and Netflix had explored the possibility of an OTT release for the Daniel Craig vehicle, but MGM, the studio behind the film, has reportedly sought a deal of around $ 600 million.

“We don’t comment on rumors. The film is not for sale. The film’s release has been postponed to April 2021 in order to preserve the theatrical experience of moviegoers, ”however, a spokesperson for MGM said. Variety.

According to insiders, due to delays caused by the coronavirus pandemic, MGM has lost $ 30 million to $ 50 million.

No time to die costs over $ 250 million and is part of multiple promotional partnerships to help cover the costs – including those with Land Rover, Omega and Heineken watches. It is assumed that if the studio does an OTT release, these companies would also have to agree with the plans and that could prove to be a challenge for the studio.

“I’m so glad I came back and did this last one. The story just wasn’t complete and I needed a break. Once I got and we started talking about scripts and things we could do, I was like, ‘I’m in’, ”Craig said of his last film as James Bond.

As for the advice he would give to his James Bond successor, he only had one thing to say:

“Don’t be kidding. It is an amazing beautiful thing. “

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