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Before much can happen with Bond 25, somebody has to be able to release it to theaters.
Metro-Goldwyn-Mayer, 007’s home studio, can’t. After it exited bankruptcy it emerged with no distribution arm. MGM cuts deals with other studios for co-financing movies and to release them.
So, in the absence of any actual Bond 25 news, here are some thoughts about some of MGM’s potential partners.
Sony (the incumbent): Sony Pictures, via its Columbia Pictures brand, has released the last four Bond films. Its most recent two-film contract expired with 2015’s SPECTRE.
That contract, for Skyfall and SPECTRE, wasn’t a good one for Sony — half of the financing (and risk) but only 25 percent of the profits.
Amy Pascal, who negotiated that deal for Sony, is gone. But Bond is dependable, even if the profits are relatively small (Sony’s profit was $57 million for Skyfall, which generated $1.11 billion in worldwide box office, while MGM got $175 million).
The main questions: Can Sony’s new regime negotiate a better deal from MGM? If not, is Sony willing to walk away from 007?
Warner Bros.: MGM chief Gary Barber reportedly is a friend with Warner Bros. head Kevin Tsujihara. And MGM and Warners have done business in the past, being partners on the recent Hobbit series of movies.
But that only goes so far in business.
Warner Bros. had had issues lately. Its 2015 slate (including The Man From U.N.C.L.E. movie) had a lot of flops. Also, its Batman v Superman: Dawn of Justice appears it won’t be the $1 billion blockbuster the studio may have hoped. (CLICK HERE for a blog that says this alone may prevent Warners from cutting a 007 deal.)
Warners is soldiering on, however, with a Justice League movie going into production, with plans for a new Batman solo film. Does 007 fit in with the studio given all what’s going on?
Paramount: Again, here’s a case where MGM has a relationship with another studio. MGM and Paramount are partners on a remake of Ben Hur being released later this year.
Meanwhile, Paramount’s parent company, Viacom, is in a lot of turmoil, according to Vanity Fair. Viacom said in February it was considering selling a minority stake in Paramount. However, The Wall Street Journal reported this week that Viacom controlling shareholder Sumner Redstone, 92, opposes such a move.
For now, Viacom/Paramount sounds like a cross between Peyton Place and Dallas. Is Paramount in a position to do a 007 deal?
20th Century Fox: Again, another studio with which MGM does business. Fox handles home video for 007 movies.
At the moment, Fox doesn’t have the issues that Warner Bros. and Paramount are dealing with. In fact, Fox had a recent big financial success with Deadpool, an X-Men-related property it leases from Marvel. As with the other possibilities, the question is how much 007 is worth to Fox for a co-financing/distribution deal.
Walt Disney Co.: Disney doesn’t seem interested in co-financing/releasing deals, like the now-expired MGM-Sony agreement for 007 films. Disney devours franchises whole (Marvel and Lucasfilm’s Star Wars, for example) and turns them into profit genrators for the Mouse.
Nobody has reported, or even suggested, anything like that is happening related to 007. But some Bond fans are keeping an eye on Disney anyway.
Filed under: James Bond Films | Tagged: 20th Century-Fox, Bond 25, Marvel, Paramount, Sony Pictures, The Wall Street Journal, Vanity Fair, Viacom, Walt Disney Co., Warner Bros. | 1 Comment »