Movies | October 27, 2020 5:31 am

Report: “No Time to Die” Almost Sold to a Streaming Service for $600 Million

"We do not comment on rumors," a representative for MGM said

No Time to Die
A still of Daniel Craig in "No Time to Die."
MGM

The forthcoming James Bond movie No Time to Die was one of the first major releases to be postponed due to the COVID-19, and it has since been delayed yet again — all the way to April 2021 — so that audiences can experience it on the big screen when it is safe to do so. But according to a new piece by Variety, MGM actually considered selling the highly anticipated film to a streaming service for a massive sum of money.

The studio has reportedly already lost between $30 million and $50 million due to the movie’s delays, and the company declined to comment about a potential streaming service deal over the 007 film.

“We do not comment on rumors. The film is not for sale. The film’s release has been postponed until April 2021 in order to preserve the theatrical experience for moviegoers,” an MGM spokesperson told Variety.

“However, multiple insiders at rival studios and companies said that a possible Bond sale was explored overtly, and believe that MGM was at least open to the possibility of unloading their crown jewel for a princely sum,” the publication notes. “The studio was said to be looking for a deal of roughly $600 million — a price tag that was deemed too rich for two of the free-spending streaming services.”

As of now, No Time to Die is slated to hit theaters on April 2, 2021.

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