Variety discusses MGM, Annapurna tensions about Bond 25

Annapurna logo that won’t be seen on Bond 25, according to Variety

Variety has a story today providing an update about the financial challenges facing Annapurna Pictures. It includes a passage indicating Annapurna and Metro-Goldwyn-Mayer, partners in a joint venture that releases movies in the U.S., have had some tensions concerning Bond 25.

Quick recap: MGM exited bankruptcy in 2010 without its own distribution operation. It cut a series of deals with other, bigger studios for distribution. Annapurna, meanwhile, started distributing films. MGM and Annapurna then formed a joint venture in fall 2017 to release each other’s movies in the U.S.

In 2018, it was announced the joint venture would handle Bond 25 in North America while Universal would perform international distribution. No details were released concerning how the studios would finance the movie. The past two 007 films, Skyfall and SPECTRE, were co-financed by MGM and Sony Pictures.

Earlier this year, the joint venture was given the name United Artists Releasing.

With that background in mind, this passage in the Variety story caught the blog’s eye: “Despite dipping into Annapurna’s deep pockets to roll out the upcoming 25th installment in the James Bond spy series…Annapurna would not be allowed” to show its logo on the next 007 film. According to Variety, an MGM executive “would bark at journalists” for including a mention of Annapurna.

What’s more, according to the story, Annapurna’s movie-releasing team now, essentially works for United Artists Releasing.

Bond 25 release pushed back 2 months

Image for the official James Bond feed on Twitter

Bond 25’s release has been pushed back almost two months to April 8, 2020, The Wrap entertainment news website said.

The change was confirmed in an announcement on the official 007 website of Eon Productions.

The Wrap’s initial story was only two paragraphs long. It provided no details nor said how it obtained the information. An updated version added some background but still had no details. The Eon announcement was only one sentence.

Bond 25’s scheduled release date had been Feb. 14, 2020.

Bond 25 had already been pushed back once. The next 007 film originally was announced as having a November 2019 release date in the United States.

The 25th James Bond film originally was to have been directed by Danny Boyle. He departed over “creative differences.” Cary Fukunaga was hired to replace Boyle.

Bond 25 will be distributed in the U.S. by United Artists Releasing, a joint venture of MGM and Annapurna Pictures. Universal is handling international distribution.

UPDATE (9:20 p.m., New York time): Perhaps a piece of the puzzle: Universal (which is distributing Bond 25 internationally) has moved Fast & Furious 9 from April 10, 2020 (the start of Easter weekend), to May 22, 2020, according to Deadline: Hollywood.

United Artists name revived by MGM, Annapurna

United Artists logo from 1997

The United Artists name — officially 100 years old today — is being revived by the joint venture of Metro-Goldwyn-Mayer and Annapurna Pictures, MGM said in a statement.

The joint venture will now be known as United Artists Releasing. The joint venture, formed in late 2017, performs U.S. distribution for both MGM and Annapurna.

The original United Artists studio was formed on Feb. 5, 1919 by Charlie Chaplin, Douglas Fairbanks, Mary Pickford and D.W. Griffith. UA, then headed by a management team that included Arthur Krim, was the studio that launched the James Bond film series in 1962.

United Artists Releasing is scheduled to handle U.S. distribution of Bond 25 in 2020, with Universal performing distribution in overseas markets. In effect, Bond 25 will represent a homecoming of sorts with the UA name.

Other films released by the original UA included The Magnificent Seven, West Side Story, In the Heat of the Knight and the Pink Panther and Rocky series.

MGM acquired UA from Transamerica Corp. in 1981. The United Artists brand has mostly disappeared since the late 1990s. Bond films were released under the UA name through 1997.

United Artists Releasing “intends to work not only with MGM and Annapurna but with third-party filmmakers – offering an alternative distribution option outside the studio system,” according to today’s statement.

The board of United Artists will have equal representation from MGM and Annapurna.