'No Time To Buy': The latest James Bond film will not release on OTT, says MGM studios

Over weekend, Variety reported that Daniel Craig's last outing as James bond with Time To Die explored a deal with various OTT platforms to sell film for a whopping $600 million. However, Bloomberg later reached out to MGM studio's representative to comment on same. However, studio has declined by saying that film is t for sale. 

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' Time To Die' is t for sale

re were several rumours about debut of Time to Die on OTT, but have w been clarified by studios. However, a number of Hollywood leakers, including Grace Randolph from 'Beyond Trailer' on YouTube also revealed through ir sources that studios actually reached out to Netflix and Apple TV to sell off film at an expensive price tag of $600 million. number, though sounds shocking for acquiring a single film's rights, is t actually inflated for studios as y spent $250 million just to make film, keeping aside vertisement campaign for it which has alrey kicked off.

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On or hand, film has been subjected to multiple delays which have loed up project furrmore to an extended $30-$50 million in losses. On or hand, or studios like Sony and Paramount have raked in an astounding amount by selling off ir films to OTT platforms like Greyhound, Coming 2 America, and many more. Whereas, recently Sacha Baron Cohen's Borat Subsequent Moviefilm h sold off to Amazon Prime Video for a whopping $120 million. 

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Time To Die release date has been pushed time after time in wake of COVID-19 pandemic. film is a monumental one for series as it marks last outing of Daniel Craig as James Bond, thus studios have w decided to release film in April 2021, almost a year after film's original release date. However, RioTimes h reached out to both Apple and Netflix to comment on wher y tried to acquire fil,  but y declined to do so. As of w, studio feels amant on t selling off ir film to any OTT platform and wait for mainstream movie business to resume and pick up pace. 

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