No Time to Die delays are costing the studio millions

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James Bond is racking up huge costs for MGM

Daniel Craig in No Time to Die
(Image credit: Universal)

As the pandemic continues, many films have been delayed to 2021, with the next James Bond instalment, No Time to Die, among them.

Originally set to release in April 2020, the movie was first delayed to November, then pushed all the way back to April 2 2021. Now, The Hollywood Reporter has revealed that this delay is costing MGM millions of dollars.

MGM took out loans to finance No Time to Die, and the interest accruing on that money is a massive $1 million a month. Considering the film already had a hefty budget of $250 million, James Bond’s next outing is proving to be very pricey for the studio indeed. MGM needs a theatrical release to recoup these costs.

Then there’s the fact that Cineworld temporarily shut all their sites in the US and UK following No Time to Die’s delay to 2021, indicating how much cinemas were relying on a tentpole release. It’s not a good situation all round, so we’re hoping things can change soon. For now, check out our list of all the movies still coming to cinemas in 2020.

Molly Edwards
Molly Edwards
Deputy Entertainment Editor

I'm the Deputy Entertainment Editor here at GamesRadar+, covering all things film and TV for the site's Total Film and SFX sections. I previously worked on the Disney magazines team at Immediate Media, and also wrote on the CBeebies, MEGA!, and Star Wars Galaxy titles after graduating with a BA in English.