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Meanwhile for The Rhythm Section, Paramount bought the distribution rights from EON and while Paramount may have lost money, and EON have struggled with getting the production budget to come together as their production partner IM Global defaulted on rights, they are nonetheless very well enjoying what Paramount paid - with the way indie productions like this are financed the money has to come together to the producers and you may already be in profit before you can shoot a single frame.
Just something to bear in mind when discussing all this...
In other news - the new release date of November 11 (!!) has been confirmed for France. So they're at the moment the first country to get the film, a whole day before the UK.
+1
The way box office works is that roughly 50% of it (varies from country to country but taking a global POV it works out to roughly that) goes to the cinema, 50% goes to the distributor. So for a production budget of 250 million, the breakeven point for the film is around 600 million, taking into account around 100m for the marketing campaign. Taking into account product placement and stuff, that could bring that breakeven point down lower.
Now, with a streaming/VOD release, closer to 75-80% if not more is with the distributor, with the platform transacting the sale (iTunes etc), taking a cut. (Not to mention, Universal is then 100% out of the picture until we start taking Blu-rays/DVDs as global digital rights to the film remain with MGM) Plus, the marketing spend wouldn't be as expensive usually - unless you want to still have outdoor billboards, bus ads, ads on train and tube stations... So to breakeven they'd basically need to earn something closer to 300-400 million.
And the last thing to bear in mind is a film doesn't have to break even on its initial theatrical or otherwise release - though it would obviously be preferable. Blu-ray/DVD release as well as TV broadcast output deals usually are the point where blockbusters like this end up going into profit.
And lastly, you need to figure out from whose POV are you looking at - MGM's (where most is at stake), EON's (where it's mostly reputational and a financial flop won't hit them as hard as it otherwise would because of the circumstances of the world) or Universal's (where they just need to make back whatever they paid MGM for the international distribution rights)
Had the film been released, hypothetically, now or in the Summer ahead, it wouldn't have broken those figures. All three of those POVs would go unsatisfied.
I should have written MGM instead of EON for the financial hit part above, but strangely enough the point about the IPs is just as valid for them!
Yep, it would be crap for them. I don't want them to suffer at all, of course I don't, but as long as they stay in business I can't see them having trouble raising investment for the next Bond movie, because Bond is a guaranteed moneyspinner, even despite their mishandling of Rhythm Section. I doubt very much that EON spend their own money on these movies.
That's fair enough, I don't want anything to fail and streaming is hugely unlikely to bring the return the studio needs.
Indeed. I'm sure you can understand why I was annoyed that Resurrection said that and then acted as if no-one had been paid for making the movie last year.
Me too.
It will be released in theaters, now stop whining about this streaming bs.
8->
@antovolk, did you find out anything more about the broadcast of that Being James Bond documentary? Was it pulled, by the looks of things?
Yes but the fact remains that it would still earn more during a (non-corona afflicted) theatrical run and until that possibility goes right out the window for the foreseeable future, Universal and Disney and WB and all the rest will still want their blockbusters to have theatrical releases.
If all the theatres were still closed in November, I could easily see EON/MGM/Universal just moving it back again. I'm not saying VOD will never be an option but it's 100% going to be the last resort for $150 million+ blockbusters like this.
Completely agree, as a fan i want that too and that's why it get's tiresome to hear from some people about bond moving on to streaming.
Thanks @antovolk for detailed explanation.
These comments come from an interview Lea did as this month's cover star for Harper's Bizarre. slightly surprised that these magazines are still being produced and that they are still using the Bond stars in Spring and not moving these interviews to Winter. Though I know nothing of the industry and suppose that the covers for Nov/Dec have been set months in advance.
Not a fan of the styling for the campaign....looks a little busy and kitsch. I think Lashana has had the coolest covers this season. It's a shame Ana has been sidelined. Hopefully she has a bigger push in November as she has 3(!) films out that month.
The Viasat broadcasts starting on the 5th may have been pulled after all...on the Norway side anyway? If only if there were services that archive any and all broadcasts on a particular channel
Do you think EON may release it officially at some point in the coming months to build up hype for NTTD again?
Closer to release so in October I presume...
The way so far it's been rolled out is seemingly as a bonus for the TV networks showing all the Bond films in the lead-up to NTTD - that's why Viasat Film Hits had it, that's why RTL had it for broadcast immediately before and immediately after Skyfall last weekend (before it was pulled). So, like, in the UK, this is likely to be shown on ITV and Sky Cinema.
Good to know, thank you. I guess we'll just have to keep our eyes on the horizon.
The fact that there's not a single word about the documentary in Norwegian at all as far as I can see, I think it's very likely it wasn't on the Viasat Film Hits schedule over here at all.
Edit: The Swedish Viasat Film Hits schedule can be found here. Doesn't look like the documentary aired in Sweden either.
Google tells me it was indeed on the schedules on the Swedish side but seems like the records have now been scrubbed...same for Denmark.
All of the magazine covers and interviews being released now went to print days before the release date was postponed. They have no choice but to run them.
Is it true a plot synopsis has leaked?
Sorry if this has been spoken about already, I haven't been on here in a few days
A possible one that for my money sounds close to the real deal.
The only thing that I don't believe for the full 100% is the kid.
Strange, I can't find anything about it airing in Sweden either, but it looks like it was scheduled to be aired in Denmark, according to tvguide.dk. There's no archive however, so I can't go back and check if they did.
Looking at Viasat's Facebook pages, both the Swedish and the Danish page published a promo clip for their month-long James Bond marathon (published March 2), but there's no mention of the documentary.
It probably is the films probably ruined now.