This is a weird time for SPECTRE, the 24th James Bond film.
The movie is coming off a huge financial success with 2012’s Skyfall. This should be like 50 years ago, when Thunderball was in production coming off Goldfinger. But it isn’t.
Instead, the past few days have concerned how the production may have made script changes to qualify for as much as $20 million in Mexican tax incentives. The reason for going for the tax incentives was that the budget may have shot past $300 million, making it one of the most expensive movies of all time.
Images of what appears to be an elaborate car chase in Rome have come out (it is hard hard to disguise your intent when filming in public locations). But that’s gotten drowned out by the publicity about the other matters. We know that because of the hacking at Sony Pictures, something that didn’t happen with other Bond movies.
Regardless, here’s a guide to some of the pros and cons for the movie’s prospects.
PRO: Bond has a built-in audience: No question. Around the globe, there are 007 maniacs eagerly awaiting SPECTRE, regardless of recent publicity. For these folks, Marvel’s Avengers aren’t super heroes, 007 is.
CON: SPECTRE is playing around with serious money: The rule of thumb for movies is they need to have box office equal to 2.5 times to 3 times the production budget to be profitable. Marketing costs total almost, or as much as, the production budget. Theaters take a share. Taxes must be paid, etc.
With Skyfall, with an estimated $200 million budget, its $1.1 billion worldwide box office was like the cherry on top of the sundae. For SPECTRE, a $1 billion box office is almost a necessity. Put another way, if SPECTRE’s worldwide box office totals $750 million, it will be seen as a disappointment. That sounds crazy. But that’s the way it is.
PRO: Eon Productions has been in this place before and it always turned out well in the end: True enough.
There were a lot of questions about the cinema future of 007 in 1977 when The Spy Who Loved Me came out. It wasn’t an easy production, with many scripts written. It went through one director (Guy Hamilton) before Lewis Gilbert brought it home. And it was the most expensive 007 film up to that date. Yet, it was a hit and Bond would go on.
Just two years later, Moonraker’s budget almost doubled from initial projections. Producer Albert R. Broccoli refused the financial demands of leading special effects companies for Agent 007’s journey into outer space. But Broccoli’s boys, led by Derek Meddings, did just fine and got an Oscar nomination. Moonraker also was a big hit.
In 1997, Tomorrow Never Dies was a chaotic production with a number of writers (only Bruce Feirstein got a credit) taking turns on the script. Feirstein returned to do rewrites during the middle of filming. Still, Pierce Brosnan’s second 007 outing did fine in the end.
Past performance isn’t a guarantee of future performance. Yet, it would seem extremely premature to bet against 007 at this point.
CON: The Sony hacks showed there were a lot of troubles during pre-production, particularly with the script: The Sony hacks are unprecedented in that they revealed inside information while an expensive movie was in production. To say more would mean major spoilers. We’ll avoid that here.
Suffice to say, the hacks revealed the kind of detail that, for other 007 films, only emerged many years after they were released, when people could research the papers of 007 principals such as screenwriter Richard Maibaum.
On March 17, a teaser poster for SPECTRE is to be unveiled. This may be the start of changing the conversation about SPECTRE compared with the past few days. 007 fans certainly hope so.
Filed under: James Bond Films | Tagged: Albert R. Broccoli, Derek Meddings, Eon Productions, James Bond Films, Moonraker, Richard Maibaum, Skyfall, Sony hack, Sony Pictures, SPECTRE, The Spy Who Loved Me, Tomorrow Never Dies | Leave a comment »