MGM watch: No news on Bond 25

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Metro-Goldwyn-Mayer reported first-quarter results on Wednesday, but provided no news about Bond 25.

A call with investors and analysts ran 17:49. No questions were asked following formal presentations and the call quickly wrapped up.

The only Bond references during the call concerned SPECTRE’s contributions, primarily via home video, to the quarterly numbers.

Overall, MGM had a quarterly profit of $57 million, up from $56.8 million for the same three-month period in 2015. Revenue for the quarter slid to $311.3 million from $364.5 million a year earlier.

MGM chief Gary Barber said during a March conference call that future Bond movies would come out on a three- to four-year schedule.

MGM is looking for a studio partner to release Bond 25 after its contract with Sony Pictures expired with the release of SPECTRE. Under the now-expired deal, MGM and Sony split financing costs but MGM got 75 percent of the profits.

The first-quarter call mostly played up upcoming MGM movie and television projects, including a Ben-Hur remake (being released by Paramount in August) and a new version of The Magnificent Sevent (being released by Sony in September).