FT tries to analyze 007’s post-SPECTRE financial future

SPECTRE teaser poster

SPECTRE teaser poster

The Financial Times, IN A STORY POSTED TODAY, tries to analyze the post-SPECTRE financial future of the James Bond film franchise.

The U.K.-based financial publication was prompted by how Sony Pictures’ deal to release James Bond films ends with SPECTRE, the 24th 007 film due for release in November.

Here are some items of note from the FT:

Releasing 007 films is a nice, but not stupendous business, for a studio: The 007 franchise is owned by Metro-Goldwyn-Mayer and Danjaq/Eon Productions (the Broccoli-Wilson family).

MGM, however, is too small after a 2010 bankruptcy and reorganization, to release Bond movies on its own. It needs a partner.

Sony was part of a group that owned MGM when Casino Royale and Quantum of Solace were released. Post-bankruptcy, Sony was MGM’s partner for releasing 2012’s Skyfall and this year’s SPECTRE.

An excerpt from the FT:

“While it’s a good piece of business the financial upside or downside is not significant on either end,” says a person close to the studio. “The studio can make good money but not runaway money.”

The FT story dovetails with a 2013 STORY IN THE NEW YORK TIMES that reported how Sony was third in line for profits from Skyfall, with the Broccoli-Wilson family and MGM taking their cut first.

Nevertheless, the FT said various studios — including Time Warner’s Warner Bros. and 21st Century’s 20th Century Fox — will still be interested in wrestling the Bond releasing deal from Sony.

Securing a new 007 releasing deal may be related to additional financial deals by MGM: The Financial Times says MGM may still sell stock to the public in an initial public offering or a simple sale to somebody else.

“The studio could arguably be worth more if a buyer knows a Bond distribution deal is still to be done,” according to the FT story by Matthew Garrahan. “Sony, Warner Bros, Fox and the rest of Hollywood will be watching closely.”

To read the entire Financial Times story, CLICK HERE. A shoutout to reader Paul Wynn who brought this to our attention on our Facebook page.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: