MGM says Bond 25 distribution not resolved

Metro-Goldwyn-Mayer said today that distribution — and presumably financing — of Bond 25 has not been resolved.

“Distribution plans for Bond 25 still have not been announced and we are continuing discussions with a variety of potential partners,” MGM chief Gary Barber said on an investor call. “We look forward to sharing more details on Bond 25 on future calls.”

Deadline: Hollywood reported Sunday that a new joint venture between MGM and Annapurna Pictures was close to being named U.S. distributor for the next James Bond film. An international distributor has not yet been selected, Deadline said.

The last four 007 films have been distributed by Sony Pictures. Under Sony’s most recent two-picture deal, Sony co-financed Skyfall and SPECTRE with MGM but only got 25 percent of the profits.

MGM is getting back into distribution. It emerged from bankruptcy in 2010 without a distribution operation. MGM films were co-financed and distributed by various studios.

On the call, Barber talked up the joint venture with Annapurna.

“We decided the time was right to be less dependent on co-production partners to theatrically distribute our theatrical films,” Barber said.

The first MGM film to be distributed by the joint venture will be a remake of Death Wish early next year.

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