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The Bidding War for Bond is Underway!

22 April 2017

The New York Times is now reporting that those who still ultimately control the franchise - Metro-Goldwyn-Mayer and Eon Productions - have started taking pitches from studios. That means a different company may now have a chance to put its logo in front of the next James Bond movie, and The New York Times says that five different studios-Sony included-are currently fighting for that honor. Sony Pictures had owned the rights to Bond since 2006, but that ownership expired in 2015 with Spectre.

The Bond franchise is definitely not as lucrative as any of the comic books series' or Star Wars, and it feels more as though getting Bond is more for bragging rights and the fact, according to Forbes, that "being the studio that releases the next 007 film gives you one more guaranteed hit every two to four years".

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That's according to a new report from The New York Times, revealing that MGM and Eon, the two companies now in control of the film rights, are soliciting pitches from all parties - that's including Sony, which held a deal for the previous four films in the spy series: Casino Royale, Quantum of Solace, Skyfall and Spectre.

Craig's involvement in the upcoming 25th movie in the franchise has been under a question mark for a while now, although recent reports have suggested he'll make one more caper.

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"Under its previous agreement, Sony paid 50 percent of the production costs for "Spectre" - which totaled some $250 million after accounting for government incentives - but only received 25 percent of certain profits, once costs were recouped". The world will probably collectively reply "Yes!" to that last one despite some reservations from a person like myself, but indeed it's interesting times ahead for the Bond franchise. Studios vying for the franchise include Warner Bros, Universal, 20th Century Fox and new upstart Annapurna.

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The Bidding War for Bond is Underway!