The other day it was announced by EON, MGM, and Universal Pictures that No Time To Die would be moving its release date from April 8th to a more traditional Bond opening on November 25th.
MGM, Universal and Bond producers, Michael G. Wilson and Barbara Broccoli, announced today that after careful consideration and thorough evaluation of the global theatrical marketplace, the release of NO TIME TO DIE will be postponed until November 2020.
The film will be released in the U.K. on November 12, 2020 with worldwide release dates to follow, including the US launch on November 25, 2020.
While the official announcement didn’t mention coronavirus as a reason, it was assumed given the global reach of both the release and press tour for the film could have impacted on marketing and attendance.
Yesterday, TheHollywoodRepoter claimed that sources are telling them that MGM could be taking a loss on the movie in the neighborhood of $30-50 million which includes the $4.5 million spent on their Super Bowl spot last month.
Sources tell The Hollywood Reporter that MGM will likely take a $30 million to $50 million hit by moving the film’s release back by seven months when the dust settles. Although the bulk of the marketing campaign for the Cary Joji Fukunaga-directed pic — the 25th installment in the storied 007 franchise — had yet to roll out, the marketing outlay already was significant with just four weeks to go before the release, including a $4.5 million Super Bowl spot that ran in February. MGM declined comment.
Recent tracking had the film opening in the range of $75-100 million domestically for that April spot.
The cast will include Daniel Craig as James Bond, Lea Seydoux as Madeleine Swann, Rami Malek (Bohemian Rapsody) as a new villain named Safin (rumored to be a version of Dr. No), Jeffrey Wright (Westworld) as Felix Leiter, Ralph Fiennes (The King’s Man) as M, Christoph Waltz returning as Spectre’s Blofeld, Naomie Harris as Moneypenny, Lashana Lynch (Captain Marvel) as Nomi aka the new Agent 007, Ana de Armas (Blade Runner 2049) as Paloma, Ben Whishaw as Q, Billy Magnussen, Rory Kinnear as Bill Tanner, David Dencik, and Dali Benssalah.
It remains to be seen if other big studio tentpole releases will be delayed or further impacted by the coronavirus, but studios being cautious wouldn’t be shocking to see.
No Time To Die will now be released domestically on November 25th.
Bond has left active service and is enjoying a tranquil life in Jamaica. His peace is short-lived when his old friend Felix Leiter from the CIA turns up asking for help.
The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology.
SOURCE: THE HOLLYWOOD REPORTER