'No Time To Die' is costing MGM $1 million in interest due to delayed release

MGM has reportedly taken a loan on upcoming movie  Time To Die that will cost production house $1 million in interest till movie is released. movie was all set to release in first week of vember but producers feared movie might t gain eugh revenue at box office due to pandemic. Re ahe to kw more about film. 

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Recent reports by Bloomberg and Screenrant indicate that Time To Die has proved to be a very expensive movie to be held back. Me at a reported budget of over $250 million, movie (due to t being released) is costing production houses so much money that y are looking to sell it to OTT platforms like Netflix. MGM fears that if movie's release is delayed any longer, it might cost production houses millions in losses. 

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As per reports, Hal Vogel, CEO of Vogel Capital Research, mentioned that MGM was suffering huge debts due to Bond film. biggest problem of releasing a movie amidst lockdown was that t many people were rey to go to atres again, same reports ded. An example can be of  Christopher lan film Tenet which ended up falling at box-office despite being critically acclaimed. Warner Bros h to suffer huge losses.

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While many production houses have ir own streaming platforms, like Disney, MGM will have to sell its film to ar OTT platform. reports by se media outlets ded that film might sell for about $600 million. w Time to Die release date is scheduled for April 2, 2021, but film might release sooner if acquired by an OTT platform.  

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Time To Die cast 

Fans will see actor Daniel Craig as James Bond for one last time in Time to Die. Apart from Craig, or actors that will be seen are Rami Malek, Lashana Lynch, Ana de Armas, Dali Benssalah, Billy Magnussen, and David Dencik as new members. Rami Malek will be seen as new villain in movie. Time To Die will continue plot of last 4 Craig starrer Bond films.