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James Bond’s ‘No Time To Die’ not to sell to OTTs

Recent rumors had suggested that ‘No Time To Die’, which brings back Daniel Craig as the iconic spy James Bond, was exploring a $600 million one-year licensing deal with an OTT platform but MGM, the studio behind the film, has now quashed all such reports saying the film is not for sale for direct digital release.

According to a piece in Bloomberg, streaming platforms including Netflix, Amazon and Apple, had been exploring the possibility of acquiring the film. It happened after the studio MGM and producer Barbara Broccoli decided to postpone “No Time To Die” again, and move it from its rescheduled November release date to April next year due to the ongoing pandemic.

MGM has reportedly lost between $30 million and $50 million due to the delays, said sources.

“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.com.

This is the fifth time Craig essays the role of James Bond. He started off with “Casino Royale” in 2006, and followed it up with “Quantum Of Solace” (2008), “Skyfall” (2012) and “Spectre” (2015).

The 25th installment of the franchise also features Rami Malek as the new Bond villain, Safin, and brings back Lea Seydoux as Dr. Madeleine Swann, Ben Whishaw as Q and Ralph Fiennes as M.

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