According to industry estimates, the movie industry has already lost seven billion U.S. dollars in revenue since the coronavirus outbreak, and the cancellation of latest Bond movie 'No Time To Die' could cost movie studio MGM between 30 and 50 million. However, it was noted that 'No Time To Die' could make up to one billion U.S. dollars upon its release, and had it been released in April as planned, could have lost around 30 percent of its total box office revenue. This could have meant a potential loss of up to 300 million U.S. dollars, more than the movie cost to produce.
Estimated revenue loss of new James Bond film 'No Time to Die' compared to production budget due to the coronavirus as of March 2020
(in million U.S. dollars)
*The source notes that box office losses are likely within the vicinity of 30 to 50 million U.S. dollars.
**The source estimated that if 'No Time To Die' had been released in April, due to movie theater closures the film could have lost up to 30 percent of its total predicted box office revenue of one billion U.S. dollars, which amounts to 300 million.
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The Hollywood Reporter. (March 5, 2020). Estimated revenue loss of new James Bond film 'No Time to Die' compared to production budget due to the coronavirus as of March 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1104817/coronavirus-bond-movie-revenue-loss/
The Hollywood Reporter. "Estimated revenue loss of new James Bond film 'No Time to Die' compared to production budget due to the coronavirus as of March 2020 (in million U.S. dollars)." Chart. March 5, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1104817/coronavirus-bond-movie-revenue-loss/
The Hollywood Reporter. (2020). Estimated revenue loss of new James Bond film 'No Time to Die' compared to production budget due to the coronavirus as of March 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1104817/coronavirus-bond-movie-revenue-loss/
The Hollywood Reporter. "Estimated Revenue Loss of New James Bond Film 'no Time to Die' Compared to Production Budget Due to The Coronavirus as of March 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 5 Mar 2020, https://www.statista.com/statistics/1104817/coronavirus-bond-movie-revenue-loss/
The Hollywood Reporter, Estimated revenue loss of new James Bond film 'No Time to Die' compared to production budget due to the coronavirus as of March 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1104817/coronavirus-bond-movie-revenue-loss/ (last visited November 22, 2024)
Estimated revenue loss of new James Bond film 'No Time to Die' compared to production budget due to the coronavirus as of March 2020 (in million U.S. dollars) [Graph], The Hollywood Reporter, March 5, 2020. [Online]. Available: https://www.statista.com/statistics/1104817/coronavirus-bond-movie-revenue-loss/
