Bond movies to come out on a 3-4 year cycle, MGM says

MGM logo

Metro-Goldwyn-Mayer said this week that James Bond movies will come out on a “three-to-four year cycle” and it’s not hurrying to strike a new 007 distribution deal.

The disclosures were made by MGM chief Gary Barber during the question-and-answer portion of the company’s fourth-quarter and year-end earnings conference call.

Six years ago, when the studio was in bankruptcy, it produced a plan calling for Bond films to again come out on an every-other-year basis. After Skyfall came out, Barber began backpedaling during a November 2012 investor call. This week, he made clear an every-other-year 007 schedule is never going to happen.

The 007 films have “been on a cycle of every three to hour years and I anticipate it will be on that same three-to-four year cycle,” Barber said.

The executive provided no timetable for Bond 25, except to say it is “under discussions with our partners at Danjaq.” Danjaq LLC is the parent company of Eon Productions.

The CEO of MGM later cited the three-to-four year cycle as a reason why the studio isn’t hurrying to strike a new Bond distribution deal.

“There’s no rush,” Barber said. “We’re evaluating all of our options. We will advise on the deal when we actually make it.”

Sony Pictures has released the last four Bond films. After MGM came out of a bankruptcy, Sony struck, in hindsight, a bad deal to distribute what turned out to be Skyfall and SPECTRE.

Under that accord, Sony co-financed the two 007 films while getting only 25 percent of the profits. Sony got $57 million for Skyfall while MGM took home $175 million, according to documents that became public because of the Sony computer hacks.

Sony got even less for SPECTRE, because that movie had a higher budget and lower box office. Danjaq got more than Sony because it’s paid a percentage of the grosses of the movies.

None of this was mentioned during the conference call. Barber said this week that “every single studio” is interested in being MGM’s 007 partner.

Advertisements

4 Responses

  1. […] : De son coté, Gary Barber, le directeur général de la MGM, a dit fin mars que les films de Bond, dont le 25éme, étaient sur un « de trois/quatre ans » et dit […]

  2. […] no rush,” MGM chief Gary Barber said during a March call with investors and analysts. “We’re evaluating all of our options. We will advise on the deal […]

  3. […] March of this year, Gary Barber, the CEO of Metro-Goldwyn-Mayer, in effect confirmed that was the case concerning Eon, […]

  4. […] March 2016, Barber said on an investor call that Bond movies would come out on a three- to four-year cycle. […]

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: