This year marks the 35th anniversary of the uneasy alliance between Eon Productions and Metro-Goldwyn-Mayer. After all this time, the relationship doesn’t appear to be getting any easier.
In 1981, MGM acquired United Artists after insurance conglomerate Transamerica Corp. threw up its hands, opting to get rid of UA and exit the movie business. UA had just dropped a big flop, Heaven’s Gate. Transamerica, which acquired UA in 1967, had enough.
Eon (and its parent company Danjaq) had a reasonably warm relationship with UA.
United Artists simply released the first nine Bond films made by Eon. The studio (which coughed up the money to actually make the movies) occasionally influenced the films. Most famously, it was UA that insisted on bringing Sean Connery back to play 007 in 1971’s Diamonds Are Forever. But for the most part, Eon had a pretty long leash.
The two sides grew closer after UA bought out Harry Saltzman’s stake in the 007 franchise in 1975 when the Danjaq-Eon co-founder ran into financial trouble. Still, UA executives thought a lot about Eon chief Albert R. Broccoli, including maintaining an office for him at UA headquarters in New York.
When MGM bought UA, things changed. The 2015 book Some Kind of Hero by Matthew Field and Ajay Chowdhury goes into some detail about this. Budgets tightened, as did studio oversight. There was a Danjaq-Eon lawsuit when MGM ownership changed at one point, a catalyst in the 1989-1995 hiatus in 007 film production.
Even after the lawsuit was settled, there was tension. Things were never as warm between Eon and MGM as when Broccoli and Saltzman cut their first deal with UA in 1961.
It didn’t help that MGM was long past its prime even in 1981, when it first got into the Bond business. By that point, MGM simply didn’t have the resources as other major studios.
By the mid-2000s, MGM was barely a studio. Sony Pictures actually released the last four James Bond movies, starting with 2006’s Casino Royale. Sony’s Columbia Pictures logo appeared with MGM’s Leo the Lion logo at the start of 007 films.
After a 2010 bankruptcy, MGM was mostly a television company, making series for cable channels. It financed a few movies annually, but released none of them. MGM cut deals with other studios to co-finance them, with the partner studios actually releasing them.
While in bankruptcy, MGM produced a business plan saying it would ramp up 007 film production to every other year. That may have helped get bankruptcy court approval. But Barbara Broccoli, current co-boss of Eon, made clear in 2012 she had no plans to make Bond films that quickly.
Gary Barber, who became MGM chief during the bankruptcy, backed off. These days he doesn’t even mention that bankruptcy court business plan. Earlier this year, he said 007 films would come out on a “three-to-four-year cycle.”
Occasionally, on investor conference calls, Barber refers to “our partners at Danjaq.” Barbara Broccoli, meanwhile, doesn’t talk about MGM much.
Barber is trying to demonstrate that MGM is a viable company beyond James Bond. In part, that’s because MGM wants to sell stock to the public in three to five years.
This weekend, however, MGM got a reality check. Its Ben-Hur remake (released by Paramount) flopped badly. MGM only makes a few movies a year, so any flop is more painful compared with major studios.
For now, Eon/Danjaq and MGM are more or less in the same place they were 35 years ago.
MGM needs Eon to make James Bond films, still the studio’s biggest asset. Meanwhile, Barbara Broccoli wants to make dramas that have nothing to do with James Bond.
At the same time, Eon/Danjaq can’t make James Bond films without doing business with MGM, as much as Eon/Danjaq might like to do so.
It’s a cliche, but true. The more things change, the more they stay the same.
Filed under: James Bond Films | Tagged: Albert R. Broccoli, Barbara Broccoli, Ben-Hur remake, Bond 25, Casino Royale, Gary Barber, Harry Saltzman, Metro-Goldwyn-Mayer, Paramount, Sony Pictures, Transamerica Corp., United Artists | Leave a comment »