What’s at stake for Bond 25

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After the “lost year” of 2016, Bond 25 appears to be actually getting into gear.

The New York Times reported that five studios (four established, one a newcomer) are bidding for a one-picture deal to distribute the next 007 film from Eon Productions.

However that bidding turns out, the stakes are still high for the 25th James Bond film.

SPECTRE was OK financially but didn’t grow the franchise

2012’s Skyfall was (pardon the pun) a quantum improvement over Quantum of Solace in terms of popular and critical reaction. Skyfall almost seemed like a return to the mid-1960s when Goldfinger made 007 a “thing.”

The 007 series followed up Goldfinger with Thunderball, which was even bigger.

The series followed up Skyfall with SPECTRE, which….wasn’t as big. In the U.S. market, SPECTRE sold the fewest theater tickets (23 million) of 007 movies released since 1995 (and the advent of the home video era).

SPECTRE brought back Blofeld but made him Bond’s “foster brother.” Shades of Austin Powers.

Because of information from the Sony hacks, we know other things that could have made it into the movie. M was a traitor. Tanner was a traitor. Bond watches Tanner commit suicide. Felix Leiter calls Moneypenny a “fox lady.”

Veteran 007 scribes Neal Purvis and Robert Wade were summoned to perform triage. SPECTRE was no disaster at the box office, but it didn’t match Skyfall.

Where is this franchise going? At the end of SPECTRE, Bond (Daniel Craig) is driving off in the Aston Martin DB5 with Madeline Swann (Lea Seydoux). The car was seemingly destroyed in Skyfall, but the Eon crew can’t let go.

If Craig comes back, do we go off on another revenge story (as in Quantum of Solace)? If Seydoux is killed by Blofeld (a fan favorite scenario), does Bond fall apart yet again (as in Skyfall)?

Or does Bond 25 mostly ignore SPECTRE, similar to how Diamonds Are Forever for the most part didn’t reference On Her Majesty’s Secret Service? (There are references but very slight.)

In Bond 25, after things don’t work out with Madeline Swann, 007 asks to be reinstated to MI6.

Does Bond 25 cap its production budget? Or does it double down?

 SPECTRE had examples of ridiculous spending. A $36 million car chase (really, a car drive). The “largest explosion in motion picture history” that had no drama because Bond and Swann were well away and safe when it happened.

Does Eon Productions scale back? Or does it try to keep up with the Joneses, i.e. modern movie blockbusters?

We’re a long way off from a movie being filmed. Not a whole lot can happen until there’s a studio to actually release Bond 25. Metro-Goldwyn-Mayer, which exited bankruptcy in 2010, doesn’t have the resources to finance a big-budget Bond on its own.

Here’s the thing. As of now, the Bond series doesn’t have direction. In the 21st century, successful franchises (think Disney’s Marvel Studios and Lucasfilm Ltd.) plan things out years ahead of time.

With Bond, it’s kind of, “Let’s see how it goes.”

For 55 years, since the release of Dr. No, that has worked out. Maybe it will again. Bond 25 will tell us a lot whether that’s still the case.

Still more Bond 25 questions after NYT story

Eon boss Barbara Broccoli and Daniel Craig: Working together on another Bond movie soon?

Nothing like a story by The New York Times to generate more questions about the future of the film 007.

What’s Barbara Broccoli thinking? Sony Pictures has released the last four Bond movies. Barbara Broccoli, the Eon Productions boss, had by all accounts a good relationship with Sony executive Amy Pascal. The Broccoli-Pascal relationship was noteworthy in a still male-dominated movie business.

Pascal is gone, losing her job as a result of the Sony hacks in 2014 (though having a producer deal at Sony).

One of the bidders to release Bond 25, according to The Times is Annapurna. It’s an “upstart” (The Times’ words) movie concern that is about to release its first film Detroit, a drama about the 1967 riots in that city.

Annapurna head Megan Ellison, 31, is a tech heiress who has been active in producing dramatic films. Could she forge a bond with Barbara Broccoli, who turns 57 in June, similar to the one Amy Pascal had?

Why is MGM and Eon Productions only seeking a one-film deal? Metro-Goldwyn-Mayer emerged from bankruptcy in 2010 a smaller company. It has been rebuilding gradually.

MGM spent much of 2016 negotiating with a Chinese buyer (still unidentified) but those talks didn’t pan out. MGM also has talked about selling stock to the public at some point.

MGM may yet see major changes. Keeping a distribution deal to Bond 25 only provides MGM executives flexibility for the future.

Why isn’t Walt Disney Co. interested in 007, according to the NYT story? Disney tends to think big. It spent billions to acquire both Marvel and Lucasfilm Ltd. (Star Wars) and is reaping the rewards as both crank out big hits.

Being the Bond film distributor means a lot of cost without a lot of profit. Sony, in its most recent deal, co-financed Skyfall and SPECTRE but only got 25 percent of the profits. MGM and Eon got more money than Sony did.

Bond fans may object, but for Disney releasing Bond movies would probably be more trouble than its worth. Disney would only get involved with 007 if it could buy everybody out and control it all, the way it did with Marvel and Star Wars.

 

Bond 25 questions/observations after NYT story

Daniel Craig

The New York Times turned up how five studios are bidding to release Bond 25. That new piece of the jigsaw puzzle adds information and raises new questions.

So much for that fan theory: Until now, there has been a popular fan theory that Metro-Goldwyn-Mayer really had a Bond 25 distribution deal in its hip pocket but was just waiting for the right time to announce it.

If The Times is correct, no way. The April 20 story says MGM and Eon Productions only now “have started attending dog and pony shows put on by studios that want the (distribution) rights.”

A sliver of uncertainty in an uncertain world: Relatively speaking, Sony didn’t make as much money as you might think from distributing Skyfall and SPECTRE, the two most recent entries in the 007 series. Sony co-financed the movie but only got 25 percent of the profits. MGM and Eon got a bigger share of the haul that Sony did.

However, as Brooks Barnes of The Times wrote, the competition reflects “the realities of the modern movie business. As competition for leisure time increases, studios have focused more intently on global blockbusters, and those are in short supply….Having a Bond movie on the schedule guarantees at least one hit in a business where there is almost no sure thing.”

Now the questions.

So when does Bond 25 come out? Not soon. Until a distribution deal is reached, things such as budgets can’t even be discussed. Some fans still hope that Bond 25 can still go into production in early 2018 for a late 2018 release.

Is Daniel Craig coming back as Bond? Still unknown.

What is Annapurna? It’s one of the five bidders, along with Sony, Warner Bros. Universal and 20th Century Fox.

Annapurna is a movie company founded by tech heiress Megan Ellison. Here’s a description from a 2011 New York Times story:

Annapurna Pictures has Megan Ellison, a 25-year-old scion of Silicon Valley, who over the last year or so has been feeding what may soon be hundreds of millions of dollars to the hungriest part of the movie business: the writers, producers, directors and stars who make sophisticated dramas and adventure films that are too risky for studios and their corporate owners.

Annapurna, for example, has a Kathryn Bigelow-directed drama due out in August, simply titled Detroit, set during the 1967 riots in that U.S. city. Ellison, now 31, has producing credits including Zero Dark Thirty. Finally, Annapurna has done business with MGM in the past.

5 studios seeking to release Bond 25, NYT reports

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Five studios are seeking to release Bond 25, The New York Times reported, citing five people familiar with the process it didn’t identify.

What’s more, according to the newspaper, Metro-Goldwyn-Mayer and Eon Productions are only offering a one-film deal. Sony Pictures has released the last four Bond films and its most recent two-picture agreement expired with 2015’s SPECTRE.

The studios identified by The Times are Sony, Warner Bros., Universal, 20th Century Fox and Annapurna, “an ambitious upstart financed and led by the Oracle heiress Megan Ellison.” Neither Walt Disney Co. nor Paramount are involved, The Times said. None of the companies involved returned calls from The Times seeking comment.

Reporter Brooks Barnes described an elaborate presentation by Sony that involved Kazuo Hirai, the CEO of parent company Sony Corp.

“Casting for the franchise has not been discussed in the meetings, according to the people briefed on them, although producers hope Daniel Craig will play the lead for at least one more chapter,” Barnes wrote. “He has a gap on his docket, according to movie industry databases, that would allow for filming.”

Under the most recent distribution deal, Sony co-financed Skyfall and SPECTRE but only got 25 percent of the profits. MGM emerged from a 2010 bankruptcy as a smaller company, without its own distribution operation. MGM mostly produces television shows. It relies on distribution deals with other studios for its small film slate.

Our newest Bond 25 questions

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There’s been a bit of Bond 25 news recently. Or has there?

Here are some questions intended to separate the wheat from the chaff.

Script? Neal Purvis and Robert Wade are working on a Bond 25 story, according to a report by the Daily Mail’s Baz Bamigboye last month. Eon Productions never confirmed it, but typically it hasn’t confirmed other 007 scoops Bamigboye had about Skyfall and SPECTRE.

How far along are Purvis and Wade? Maybe not very far.

The duo are in the midst of adapting the novel I Am Victor, according to an April 5 story in Deadline: Hollywood.

If Deadline is accurate, the writers “are understood to be finalizing the script before it goes out to cast.” That suggests Purvis and Wade are, at best, in early days of their Bond 25 work.

Meanwhile, there’s a possibility of a Writer’s Guild strike early next month, which would adversely affect movie and television production.

What about that New York Post gossip column? Page Six says Eon Productions boss Barbara Broccoli is close to getting Daniel Criag to coming back for Bond 25. But it doesn’t actually say it’s a done deal.

So? There’s still no Bond 25 director. There’s still no Bond 25 distributor. Sony Pictures, which distributed the last four 007 films, saw its most recent two-picture 007 deal with Metro-Goldwyn-Mayer expire with SPECTRE.

What are you trying to say? The blog is trying to say there may be more chaff than wheat at this point.

–You have a star (Craig) who hasn’t publicly committed, despite plenty of opportunity to do so.

–You have a production company (Eon) that seems in no rush to produce the next Bond movie and is keeping busy on various non-007 projects.

–You have a studio (MGM) that seems busy with other matters.

The Wall Street Journal reported in February that MGM was trying to sell itself to a Chinese buyer but the deal fell apart. MGM never denied the story and at last month’s investor call, the subejct never came up.

Meanwhile, MGM agreed this week to spend $1 billion to give itself sole ownership of the Epix premium TV channel. If the Epix investment works out, that would help MGM’s finances every year. Bond movies, still one of MGM’s biggest assets, come out only so often.

MGM doesn’t have a studio partner to release Bond 25. Sony Pictures has released the last four Bonds, but Sony’s most recent two-picture deal expired with SPECTRE.

In March 2016, MGM CEO Gary Barber had this to say about seeking a new 007 distribution deal.

“There’s no rush,” Barber said. “We’re evaluating all of our options. We will advise on the deal when we actually make it.”

Obviously, he was right about the “no rush” part.

Craig likely to return as Bond, NY Post says

Eon co-boss Barbara Broccoli and current 007 star Daniel Craig

Eon Productions boss Barbara Broccoli is on the verge of getting Daniel Craig to come back for a fifth appearance as James Bond, the New York Post’s Page Six gossip column said late Monday.

Here’s an excerpt:

Multiple sources tell Page Six that Bond franchise producer Barbara Broccoli has “just about persuaded Daniel Craig to do one more Bond movie.” This comes after Broccoli produced his hit off-Broadway production of “Othello” with David Oyelowo, which won Craig the serious acting plaudits he craved.

A Hollywood source said, “Daniel was very pleased with how ‘Othello’ went and the great reviews. Now Daniel’s talks with Barbara are going in the right direction. They have a script — screenwriting duo Neal Purvis and Robert Wade [who’ve penned several Bond movies] are writing and they’ll go into production as soon as Daniel is ready to commit.”

Page Six goes on to say that Broccoli wasn’t impressed with actor Tom Hiddleston, mentioned as a would-be replacement for several months last year. The gossip column said Broccoli and Craig didn’t answer requests for comment.

The return of Purvis and Wade as writers was reported last month by Baz Bamigboye of the Daily Mail.

Both Broccoli and Craig have other work over the next several months. Broccoli is involved with various non-Bond films, including one where Eon purchased a helicopter. That spurred publicity it might be for Bond 25. Craig will be in Purity, a made-for-cable-television series for Showtime.

Also, Metro-Goldwyn-Mayer, home studio for the Bond films, has yet to line up a distribution partner. Sony Pictures has distributed the past four 007 movies but its most recent two-picture deal expired with SPECTRE.

Sony passed on chance to buy MGM, WSJ says

Sony Pictures at one time passed on a chance to outright buy Metro-Goldwyn-Mayer, the home studio of James Bond, The Wall Street Journal reported.

The Journal doesn’t specify exactly when this occurred. But, based on the story by Ben Fritz, it was before MGM reorganized during a 2010 bankruptcy. Here’s the key excerpt:

Sony Pictures executives discussed buying Metro-Goldwyn-Mayer, whose James Bond movies Sony had distributed for years. Instead MGM reorganized itself into an independent venture. Other potential acquisitions targets for Sony included DreamWorks Animation and pay-cable network Starz, according to employees. Lions Gate Entertainment Corp. ended up buying the network.

“There was a cautious business philosophy where we did not want to take big swings,” said a former Sony Pictures executive.

The story concerns both Sony Pictures and Paramount described as “Hollywood’s two worst-performing movie studios” by the Journal.

Paramount missed its own opportunity. It initially released movies produced by Marvel Studios. But Walt Disney Co. moved in and bought Marvel.

Sony has released the past four James Bond films, starting with 2006’s Casino Royale. Sony’s most recent two-picture 007 distribution deal expired with SPECTRE. Under that contract, Sony co-financed the films but only got 25 percent of the profits.

The Journal recently reported that MGM’s attempts to sell itself to a Chinese buyer fell apart last year.

Regardless, MGM has no distribution agreement for Bond 25. The studio and Danjaq (parent company of Eon Productions) control the Bond franchise.