MGM to Take $30 Million-Plus Hit After Moving Bond Film 'No Time to Die'

  • 📰 THR
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Entertainment Entertainment Headlines News

Entertainment Entertainment Latest News,Entertainment Entertainment Headlines

Sources tell THR that MGM will likely take a $30 million to $50 million hit by moving NoTimeToDie's release back by seven months when the dust settles

, which marks the final outing of Daniel Craig as 007, had been set to launch with a world premiere in London on March 31. Some promotional events or brand tie-ins cannot be rescheduled or stalled. Craig, who is set to hostthis weekend, was in the middle of rehearsals when news broke of the film’s move. It would have been impossible forLikewise,

Omega last month launched a 007 edition watch, which already has begun to hit stores. Given that the watch is not necessarily atimepiece but rather a Bond-inspired product, stores will continue to sell it and not hold back the luxury item until the fall.. Adam Holdsworth, managing director of N.

Meanwhile, the studio is scrambling to salvage ad buys it already had made for the coming four weeks and move them to the fall. So far, MGM’s partners have been accommodating. But other pricey purchases can’t be recouped, like the Super Bowl spot that ran in February . Still, a fall campaign will come with added expenses. Broadcast ads that run in the fourth quarter of the year are typically more expensive than the spring given that the fourth quarter coincides with the kickoff of the new TV season as well as football.

California has declared an emergency over the coronavirus outbreak as it marked its first death. There are currently 98,059 cases of coronavirus worldwide and 3,356 deaths caused by it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Even tho I bummed that I have to wait for 8 months it’s for the best considering the rising virus, market, and DanielCraig ‘s last outing.

One of the most surprising aspects of the delay of No Time to Die is if there was any potential thought the film would be delayed why did UK BO open at the start of the week, as surely the decision must of already been made?

Sounds a whole lot better than losing around $300 Million from a combo of various markets where Corona is wreaking havoc: China, South-Korea, Japan, Italy, etc. IF 'No Time To Die' would have premiered in April. TimeToBond007 antovolk

What if the storyline involves a virus threat of some sort? Just a thought.

And this should concern audiences how?

That's not too bad considering it could've taken a bigger hit by releasing it next month.

Nonsense. If, by November, the coronavirus is better under control, and a potential pandemic is under control, the new release window will see healthy world ticket sales. NoTimeToDie NoTimeForCoronavirus The US better get it’s anti-scientific head out of its ass.

That's chicken feed!

damn

How much is it going to lose because no one wants to see it?

So much for this making them any $$$

yikes

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bond film 'No Time to Die' moves release date as coronavirus hurts global box officeEven James Bond can't beat the coronavirus. The 'No Time to Die' U.S. release date has been postponed until Thanksgiving weekend to avoid an ailing box office. This is ridiculous. So what, we should just stop society for 6 months? No going to work, baseball season should be cancelled? No Summer Festivals? Give me a break. raye8405 Alternative headline: Not Time to Release No Time To Die James Bond movies need to retire and go away forever.
Source: latimes - 🏆 11. / 82 Read more »

Next James Bond film No Time To Die delayed until November over coronavirusThe next James Bond film No Time to Die has been delayed for release until November, it has been confirmed
Source: Mirror Celeb - 🏆 476. / 51 Read more »

Daniel Craig Says Playing Bond Over 14 Years Has Been 'Incredibly Emotional': 'It's Massive'Daniel Craig's latest — and final — James Bond film, No Time to Die, will be released later this year in November
Source: people - 🏆 712. / 51 Read more »

James Bond film, 'No Time To Die,' gets pushed to November due to coronavirus concerns'No Time To Die,' the upcoming James Bond film, is being pushed to November due to concerns over the coronavirus's impact on the global theater marketplace. So they pushed it back because this is no time to die? Clever. Bond films are traditionally released in November anyway. Never watch this anyway
Source: CNN - 🏆 4. / 95 Read more »

Coronavirus: ITV Takes James Bond Ad Hit & Eyes Euro 2020, Six Nations Rugby Contingency PlansITV has revealed the impact of the coronavirus on its business including a deferment on advertising for the upcoming James Bond movie and putting in place contingency plans around major sporting ev…
Source: DEADLINE - 🏆 109. / 63 Read more »