In today’s world, worldwide tech behemoths are racing for the title of best video content provider. The alert times pushed millennials into turning to binge watching as a recovery therapy after the fast pace they are forced to work with. As a consequence, companies are willing to go the extra mile and spend a fortune on popular movies. Therefore, the latest opportunity caught Apple and Amazon competing against each other for the distribution rights for the “James Bond” franchise.
James Bond Franchise Distribution Rights Are Thought to Value Between $2 and $5 Billion
Sony Pictures Entertainment owned the movie rights over the famous movie collection since the year of 2006. However, their titular contract expired after the final production of “Spectre” that appeared in 2015. Since then, both MGM and Eon Productions shared the film rights together. On the other hand, they do not own the rights to distribute such notorious content.
Therefore, for two years, the two companies have been trying to find the right family for the James Bond franchise. Executives heard a lot of pitches from different studios, yet none of them revealed the right one. However, as of recently Warner Bros is more eager to close a deal since Apple and Amazon showed interest in its content. Reports indicate that the distribution rights are valued at something between $2 and $5 billion.
MGM Is Currently Working on the 25th Sequel of James Bond
The previous distribution contract showed how Sony covered around half of how much production for the Spectre cost. On the other hand, the studio didn’t recover but a quarter of profits. On top of that, Eon and MGM are willing to offer the rights over a single movie at a time. Nonetheless, even one part of the world renowned James Bond franchise would be enough to propel Apple or Amazon’s content platform to new heights.
In the meantime, MGM is working on the 25th installment that pertains to the James Bond universe. The movie is slated to appear two years from now and will feature Daniel Craig for probably the last time as the charming secret agent.
Image source: IMDb