Bond 25: The distributor edition (aka TOLDJA)

Bond 25: Still in search of a distributor

Remember all the posts this blog had when it kept asking why there wasn’t a distributor yet for Bond 25? And how some readers felt it was overkill?

Except, apparently, it wasn’t. The Hollywood Reporter on April 4 reported that Metro-Goldwyn-Mayer hasn’t yet selected either a U.S. or international distributor. According to the entertainment news outlet, MGM may be setting itself up for a sale and its 007 film rights are a big part of the marketing.

MGM and Eon Productions said back on July 24, 2017, that Bond 25 would have a U.S. release date of Nov. 8, 2019. The blog asked that day, “Who’s going to distribute Bond 25? The blog either asked the question again or discussed the issue on Aug. 29, Oct. 6 and Oct. 20.

As a 007 fan wrote to the blog on Twitter: “I think you need to chill about the distributor. It’s going to happen don’t you think.”

Separately, some fans participating on 007 message boards felt it was all lined up, it was merely a well-kept secret. After all, the thinking went, there’s no way they’d announce a release date without a distributor lined up.

Except, apparently, MGM and Eon did just that. Perhaps it was to call dibs on the November 2019 date. It doesn’t really matter. The announcement went out without having secured a way for the movie to make it to theaters. That was the case then. It’s still the case now apparently.

Almost a year ago, The New York Times reported how five studios were trying to cut a deal with MGM to distribute Bond 25.  Since then, the parent company of one of the contenders, 20th Century Fox, agreed to sell that studio to Walt Disney Co.

Another, Annapurna Pictures, formed a joint venture with MGM to distribute each other’s movies in the U.S. However, Bond 25 wasn’t part of the deal.

Deadline: Hollywood reported in November, in a story labeled “EXCLUSIVE,” that the MGM-Annapurna joint venture was “thisclose” to getting the Bond 25 U.S. distribution deal. Some outlets have subsequently written as if it were a done deal.

Except, apparently, it wasn’t.

Neither the Times nor Deadline ever felt a need to revisit their previous stories. It wasn’t until this week when The Hollywood Reporter finally got around to it. It would seem if something is “thisclose” to happening but it hasn’t occurred months later, it might be time to make new inquiries.

MGM may sell, Bond 25 distribution still up in air, THR says

Metro-Goldwyn-Mayer may be getting ready for a sale while the distribution of Bond 25 — both in the U.S. and internationally — is still unresolved, The Hollywood Reporter said.

The two issues are related, according to the entertainment news outlet.

MGM is holding off on making a Bond 25 distribution deal “because it is using the Bond rights as a carrot for whoever wants to buy the studio,” THR reported, citing “a knowledgable source.”

MGM controls half of the Bond franchise, going back to when it acquired United Artists in 1981. The other half is controlled by Eon Productions and its parent company, Danjaq.

One possible MGM buyer is Sony Corp., THR said. The company’s Sony Pictures (and its Columbia Pictures brand) have distributed the last four Bond films, going back to 2006’s Casino Royale. Under its most recent two-film deal, Sony contributed half of the production costs but only took home 25 percent of the profit.

“Sony is said to be interested in buying the studio and has the cash on hand to pounce,” THR said. The entertainment news outlet says MGM’s price tag may exceed $6 billion, including the 007 rights.

MGM exited bankruptcy in 2010 and had no distribution operation. The studio last year formed a joint venture with Annapurna Pictures to distribute each other’s films in the U.S. However, Bond 25 was not part of the deal. The first MGM film distributed by the joint venture was the recent Death Wish remake.

In November, Deadline: Hollywood reported the MGM-Annapurna joint venture was “thisclose” to securing the U.S. distribution for Bond 25. Since then, various stories have been published assuming it was a done deal. But, as this blog has pointed out, there never was an actual announcement.

The THR story, meanwhile, has an almost throwaway line in the final paragraph that director Danny Boyle’s deal for Bond 25 has been completed.

“One thing is for certain, with the Bond 25 release date looming and director Danny Boyle’s deal done, according to a source, MGM will have to make some kind of move soon,” THR said.

Boyle said last month he will direct the movie if a script being written by his collaborator John Hodge is accepted. MGM declined to comment to THR.