Why Bond 25 may not do much economizing

Image for the official James Bond feed on Twitter

One question about Bond 25 is whether its budget may get trimmed. 2015’s SPECTRE was the most expensive 007 film adventure, with an estimated $245 million budget including Mexican tax credits and product placement deals.

While it’s too early to say definitively, there are signs that Bond 25 won’t exactly fly economy class.

Craig’s reported paycheck: Earlier this month, Variety reported that star Daniel Craig is set for a $25 million payday from his fifth Bond film. It was the highest amount in a survey of actor compensation by the trade publication.

If correct, that makes it harder to drastically cut the budget. For example, if you wanted to cut Bond 25’s outlay to $100 million to $150 million, Craig’s pay would mean you could only spend $75 million to $125 million for the rest of the film.

Boyle’s change of attitude: Director Danny Boyle has a reputation for making very lean, small-scale films. Some fans on internet message boards have speculated Boyle in Bond 25’s director chair could mean a less epic, leaner 007 outing.

Not so fast.

This week, Boyle spoke at the Liverpool Institute for Performing Arts. Here’s an excerpt from a story about the talk on LIPA’s website.

Danny says, at first, he wasn’t sure he was the right person for the job (for Bond 25). “I like watching big films but I don’t think I’m necessarily good at making them. Then I thought ‘no, you shouldn’t think like that’.”

Working with long-time collaborator, writer John Hodge, Danny explained why he accepted. “We have this idea about what we want to do with Bond and I felt we should have a go because of this idea. So we are trying to stay true to our principles.” (emphasis added)

It sounds, at the very least, Boyle may be more than willing to have a go at an epic-like film.

Broccoli’s ambitions: The Screen Daily website this week ran a story about how Universal became the international distributor for Bond 25. There was this passage:

“(Eon Productions boss) Barbara Broccoli wants a one billion dollar international gross,” says one industry expert, noting that international box office accounts for the bulk of Bond films’ global theatrical revenues. No 007 release has ever achieved this, and Universal knows a thing or two about getting to the hallowed milestone. Of only seven films to cross $1bn at the international box office, Universal has released three, and it has done so in the last three years: Furious 7 and Jurassic World in 2015, and Fate Of The Furious in 2017.

Only one Bond film surpassed $1 billion globally. 2012’s Skyfall had $304.4 million in the U.S. and $804.2 million internationally. SPECTRE slipped to $200 million in the U.S. and $680.6 million internationally.

To achieve that $1 billion international mark, Bond 25 would have to generate more than 45 percent more box office compared with SPECTRE. Higher ticket prices will help some. But if Broccoli really wants $1 billion, excluding the U.S. market, Bond is going to have to ramp things up.

What’s more, if Broccoli really is seeking $1 billion internationally, that generally means mounting a big-scale production. Marvel Studios filmed two Avengers movies back to back, Avengers: Infinity War, released in late April and the yet-to-titled Avengers 4, due out next year.

It’s been estimated the combined cost of the two movies may reach as much as $1 billion. Avengers: Infinity War has been a big hit (global box office of $1.9 billion so far).

Big risks, big rewards. If the expert quoted by Screen Daily is correct (and the website didn’t identify him or her), that may mean that Bond 25 may be a more high stakes game than anything 007 encountered in a novel or movie scene.

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