Bond 23 to have tighter budget, The Sun says

The Sun, the U.K. tabloid newspaper, says Bond 23 will be made on a tighter budget than previous entries in the series.

The story (which you can read BY CLICKING HERE) leads off by saying Daniel Craig will grow a beard for the movie. But this passage caught our eye:

The film is going to be made on a shoestring budget in comparison to the last few.

A source said: “They’ve really scaled back.

“The lavish production and locations have been cut.

“There is only a reduced cast and crew travelling to the few overseas destinations.”

The Sun gets no more specific than that, nor describes how the source came across the information. The paper also doesn’t provide a specific budget figure. (It also has a plot spoiler if you care to read the story).

This is the second report (at least indirectly) referring to a smaller budget for Bond 23. The Times of India, IN A STORY IN AUGUST said Bond 23’s budget was $135 million. That newspaper didn’t specify how it got that figure, not even attributing it to a source, just stating the number.

Quantum of Solace had a budget of $230 million, according to The Numbers.com Web site. As we’ve noted before, a reduced Bond 23 budget would make sense. Metro-Goldwyn-Mayer, which controls half the 007 franchise, reorganized itself in bankruptcy court. Sony Corp., whose Columbia Pictures will distribute Bond 23, is having its own financial tough times. It’s up to MGM and Sony to finance Bond 23 and the world is a lot different in 2011 than it was in 2008.

UPDATE: The $135 million figure may have originated with a story in the Sunday Times of London earlier this year. You can read a version that ran on The Australian’s Web site by CLICKING HERE. That story said MGM and Sony intended to raise $45 million, or one-third of Bond 23’s production budget, through product placement deals.

Simple math — 45 multiplied by 3 — gives you $135 million.

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