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Bond film is not sold to streaming giants, studio emphasizes

MGM insists the new James Bond movie will not be sold to Netflix or Apple TV amid reports it is in talks with the two streaming giants

MGM has insisted that the new James Bond movie will not be sold to Netflix or Apple TV amid reports that it is in talks with the two streaming giants.

No Time to Die, the latest installment of the James Bond franchise, was set to hit theaters next month.

But the launch of what promised to be the biggest blockbuster of the year has been delayed until April next year due to the pandemic.

Go Slow: Daniel Craig in a clip from the latest James Bond movie No Time to Die

Go Slow: Daniel Craig in a clip from the latest James Bond movie No Time to Die

The film (starring Daniel Craig and Ana de Armas) was initially set to hit theaters in April, but was delayed as its closure was forced to close cinemas.

Selling No Time To Die to one of the streaming giants could bring in hundreds of millions of dollars for the Hollywood studio, but would mean another devastating blow to cinemas already fighting to survive.

Postponed: Ana de Armas also shines

Postponed: Ana de Armas also shines

Postponed: Ana de Armas also shines

MGM declined to comment on conversations alleged to have taken place with Netflix or Apple TV. But it stressed that the James Bond movie “is not for sale.”

Movie fans have been slow to return to the cinemas after the lockdown was lifted and allowed to reopen. Cinemas had pinned their hopes on No Time To Die.

After the latest delay, Cineworld announced it would temporarily close all cinemas in the UK and US, putting 5,500 jobs at risk.

The enormous purchasing power of the streaming giants makes it tempting for film studios and producers to avoid cinemas.

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