00:00I need a favor, brother. You're the only one I trust for this.
00:06MGM could take a big hit after moving their new Bond film, No Time to Die, over growing
00:11concerns of coronavirus. After weighing the pros and cons, MGM pushed the upcoming
00:16James Bond outing from April to November. Sources tell The Hollywood Reporter that
00:21the studio will likely take a $30 million to $50 million hit by moving the film's
00:25release back by seven months when the dust settles. Although a bulk of the marketing had
00:29yet to roll out, some marketing outlay already was significant with just four
00:33weeks to go before the release, including a $4.5 million Super Bowl spot that ran in
00:38February. Still, the alternative would have been much more costly. Sources say the
00:43studio's decision to move No Time to Die to November 12th in the UK and November 25th
00:48in North America was largely based on the economic reality that many theaters
00:52across the world have been shuttered in recent weeks, stretching from Japan to Italy.
00:56That could have resulted in a minimum of 30 percent shaved off the final box office
01:00tallies, a possible $300 million out of a likely $1 billion global haul.
01:05No Time to Die, which marks the final outing of Daniel Craig's 007, had been set to
01:09launch with a world premiere in London on March 31st. Some promotional events or brand
01:14tie-ins cannot be rescheduled or stalled, such as Craig, who is set to host
01:18NBC's Saturday Night Live this weekend. The actor was in the middle of rehearsals when news
01:22broke of the film's move. It would have been impossible for SNL to pivot to a new host on
01:26such short notice, so Craig will carry on as planned. For more details on this story,
01:31head to THR.com. For The Hollywood Reporter News, I'm Neha Joy.
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