007 New Release Considering Online Premiere Due to COVID-19... Proposed Sale to Netflix for 677.1 Billion KRW

[Image source=AP Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] MGM, the production company of the new 007 series film 'No Time to Die,' is reportedly considering an online release instead of a theatrical release due to the COVID-19 pandemic.

On the 25th (local time), the U.S. entertainment media Variety reported that Hollywood production company MGM proposed selling 'No Time to Die' to online video streaming services (OTT) such as Netflix for $600 million (approximately 677.1 billion KRW), considering it a blockbuster guaranteed to succeed.

It is known that Netflix and Apple, which operates 'Apple TV+,' are exploring the acquisition of this film.

'No Time to Die' was originally scheduled for a theatrical release in April, but due to the COVID-19 pandemic, the release was delayed several times, pushing the release date back to April next year.

Variety quoted an MGM insider saying, "MGM is considering selling the new 007 film to streaming companies at a high price," adding, "The asking price has been set at $600 million."

However, it is uncertain whether this sale negotiation will be successful.

Fox News reported, "The $600 million price proposed by MGM is too high from the perspective of streaming companies."

MGM declined to comment on the ongoing negotiations.

This content was produced with the assistance of AI translation services.