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James Bond Loses $100 Million Despite Being Highest-Grossing Movie of 2021

The action-packed spy spectacle, James Bond Movie ‘No Time To Die’ was recently hit in theatres and earned its money at the box office.

James Bond Loses $100 Million Despite Being Highest Grossing Movie Of 2021
James Bond Loses $100 Million Despite Being Highest Grossing Movie Of 2021

The action-packed spy spectacle, James Bond Movie ‘No Time To Die’ was recently hit in theatres and earned its money at the box office. According to MGM, the James Bond movie is doing a “stellar home viewing business.”

No Time to Die has earned an overall figure of a whopping $730 million in global ticket sales, making it the highest-grossing Hollywood movie of the year. It also became the top-performing movie at the box office since the Coronavirus pandemic when theatres were shut down.

James Bond Loses $100 Million Despite Being Highest Grossing Movie Of 2021
James Bond Loses $100 Million Despite Being Highest Grossing Movie Of 2021

It cost over $250 million to produce the movie and took $100 million to promote. It was estimated that tens of millions more were spent on delaying the release by 16 months. According to Inside, the movie requires nearly $900 million to break, which couldn’t be reached due to the global health crisis which affected the theater industry as well. As a result, “No Time to Die ” stands to lose $100 million in the theatrical run, as stated by courses close to production. But the studio behind the movie didn’t agree with Variety’s claims and made a statement saying, “Unnamed and uninformed sources suggesting the film will lose money are categorically unfounded and put more simply, not true. The film has far exceeded our theatrical estimates in this timeframe, becoming the highest-grossing Hollywood film in the international marketplace and passing ‘F9’ to become the highest-grossing Hollywood film since the pandemic. With the PVOD release of the film already doing stellar home viewing business, all while continuing to hold well theatrically, ‘No Time To Die’ will earn a profit for MGM, both as an individual film title and as part of MGM’s incredible library.”

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