Last week, Metro-Goldwyn-Mayer talked a bit about the future of the James Bond film franchise. The studio didn’t say a lot but it was the most actual news since SPECTRE began its theatrical run last year.
So, here are some conservative observations about Bond 25 and what’s coming next.
It’s taking longer to reach a new 007 distribution deal that people initially thought: Sony’s most recent 007 distribution contract ended with SPECTRE.
Some, including Michael G. Wilson, co-boss of Eon Productions, which actually makes the 007 films, expected a new deal to be reached by January or February. No deal is in place and MGM CEO Gary Barber told investors last week there’s “no rush.”
Barber also said MGM has talked to many studios about a deal and he’s confident MGM will reach a good deal. But it also *suggests* other studios want better terms than the last Sony deal — 50-50 financing but Sony having to accept only 25 percent of the profits. For the first billion-dollar Bond — Skyfall — Sony only got $57 million in profits while MGM made $175 million.
More than ever, the MGM-Eon partnership is an uneasy one: When MGM was in bankruptcy in 2010, it said it planned to put Bond films on an every-other-year schedule. Barber’s remarks last week — Bond films will come out every three to four years — marked a formal surrender from that.
Eon bosses Wilson and Barbara Broccoli aren’t interested in making Bond films every other years. They have other irons in the fire, including plays and television projects. One suspects MGM would like Bond films more frequently than less frequently. But MGM relies on Eon to make Bond films and there’s only so much it can do. During’s last week investor call, Barber played up MGM’s other projects.
Also, the Eon side has lived through a lot of different MGM executive regimes ever since MGM bough United Artists in 1981. You could make the case that Wilson and Broccoli have no reason to be any closer to Barber than his various predecessors.
Take the over in over/under bets about when Bond 25 comes out: If this blog had to bet, it’d still bet on 2018 for a Bond 25 release date. But if the talks for another distribution deal drag out a few more months, a 2019 release date suddenly looks more reasonable.
As a general rule, there seem to be more reasons for a later release date than an earlier date. In 2012, Sony executives said they expected a 2014 release date for Bond 24. Barbara Broccoli and Daniel Craig slapped down the idea in a joint interview, saying a Sony executive was getting ahead of himself. Sure enough, Bond 24, later called SPECTRE, came out in 2015.