Reading between the lines of THR’s story on MGM and Sony

SPECTRE teaser poster

SPECTRE teaser poster

The Hollywood Reporter has A STORY BY GREGG KILDAY examining whether Sony Pictures will no longer release 007 films after SPECTRE. But the story has some other interesting data as well.

Sony has released all four Bond films of the Daniel Craig era, but its current two-film deal expires with SPECTRE. Here’s a look at some of the other side issues raised in the story.

SPECTRE’s budget: Kilday quotes sources he doesn’t identify as insisting “that the final net budget now stands in the neighborhood of $250 million.”

It’s known, thanks to the Sony hacks, that SPECTRE spending was on track to reach around $350 million. The Hollywood Reporter story suggests that production placement and similar deals (such as the subsidies Mexico paid out to the production) helped bring in about $100 million to offset a substantial portion of those costs.

Mind games between studios: There’s also an anecdote in the story about some mind games between Sony and Metro-Goldwyn-Mayer, the studio that controls half of the Bond franchise along with the Broccoli-Wilson family.

According to the story, MGM told Sony in June 2013 if it wanted its name in a press release announcing the release date of the then-untitled movie, Sony had “to opt in immediately.” At the time, there was no firm budget but Sony was being pressed to commit anyway, THR says. (Not mentioned in the story: there wasn’t even a first-draft script. That wasn’t submitted by initial writer John Logan until March 2014.)

The release was issued in JULY 2013.It had this joint quote from Sony executives Michael Lynton and Amy Pascal: “It’s a privilege to work on the Bond films. EON, John Logan and Sam Mendes have come up with an extraordinary follow up to SKYFALL and we, along with our partners at MGM, can’t wait to share this new chapter with audiences all over the world.”

Subsequently, Logan was replaced writing the movie and Pascal was fired after bad publicity from the Sony hacks.

To read the entire Hollywood Reporter story, CLICK HERE.

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