AMC is the latest
company that has announced that it will run out of money by the middle of 2021
– but will the movie investors understand their predicament?
‘No Time To Die’ is
that one big film on which several theatres are counting on – it is being
considered the revival of cinema after the brutal attack of the Coronavirus.
Despite having a vaccine, the Coronavirus rage seems endless and that’s not a
The James Bond’s latest outing Bond movie it
getting delayed for the fourth time and it has left everyone helpless. After
the third delay, several theatre chains like Regal and Cineworld were forced to
shut down all over the UK and USA.
Let’s give you a little
bit of a rewind. At first, when the pandemic had only just begun, people in the
entertainment industry took charge and declared that all movies will get
postponed to October. They were optimistic that the virus would disappear by
Little did they know
that it will only grow stronger – they were forced to postpone their movies
till December. Of course, holiday season became frenzy and the rage of
Coronavirus continued compelling the investors to delay it again till April
investors announced that they’re going to go ahead and push the movie to
October 2021. And soon after, AMC released the statement claiming that the
theatres won’t survive that push.
But what’s happening, really? If the makers
of ‘No Time To Die’ don’t confident about the release, why don’t they simply
put it up to stream?
Apparently, MGM is
adamant for a theatre release and that too, when it’s completely safe.
And it’s not just the
Bond film, a couple of other films also got delayed too – both MGM and Sony
came to the conclusion that all major films should get postponed until the
pandemic is controlled.
Sony has decided to
push a couple of films, including Uncharted, Ghostbusters: Afterlife and
But the question is the
same: How much can Hollywood bear? Can it continue to shuffle its movie
As per the new
calendar, “No Time To Die” will be released on the 8th of October,
2021. “Peter Rabbit 2: The Runaway” will release on June 11, 2021. “Cinderella”
has been moved to July 16, 2021 and “Ghostbusters: Afterlife” will now release
on November 11th, 2021. And lastly, “Uncharted” has been postponed until Feb.
The decision to push
the release dates comes to no surprise because the latest recording of the new
COVID-19 cases is counted to be 194,252. In addition, the country’s death toll
because of the virus stands at 3054 every day.
The information has
been acquired from the calculator designed by John Hopkins University.
Naturally, the numbers of cases are such that no producer is willing to take a
risk with their confirm blockbuster movies – not after what became of Tenet.
apprehensive that if the cases continue to grow in number, the moviegoers might
not come to the theatres. And to protect their own budgets, they’re not willing
to take the risk.
So when the time of release comes, they want to be entirely
sure that their tickets will be bought in large amounts.
Paul Dergarabedian, a
senior media analyst at Comscore says that “Given
the uncertainty of the marketplace, a change of date is certainly better than a
change of venue so to speak from big screen to small screen.”
The estimated budget of
“No Time To Die” is $250 million and after adding the marketing cost, the
overall budget closes at $400.
The last Bond release
“Spectre” earned approximately $879 million at the global box office and
“Skyfall” made around 1.1bn. Of course, the expectations were high for “No Time
To Die” considering it is expected to be Daniel Craig’s last Bond movie!
continued: “Those who have their eye on
the long game understand that for a film like Bond, and many others, the
prestige, exclusivity, and revenue generating potential of the movie theater is
still undeniable and indeed still worth waiting for.”
Let’s wait it out and
see how the future of cinema unfolds! For now, it seems utterly unfortunate that
the theatres are dying – our favorite place filled with nostalgia and thrill.
Ever since the theatres
shut down, we’re only counting the number of movies put on halt. There are so
many movies to arrive, which one are you looking forward to that most? Also, check out celebrities who are total jerks in real life!