MGM Studios has shut down rumours that No Time To Die will be released on a streaming platform.
A spokesperson for MGM has told Variety: “We do not comment on rumours. The film is not for sale. The film’s release has been postponed until April 2021 in order to preserve the theatrical experience for moviegoers.”
According to the publication, however, multiple insiders at rival studios and companies have revealed that the film’s possible sale was being explored overtly.
MGM was reportedly looking for a deal of approximately $600m (£461,631,000).
The news will disappoint some fans who had been hoping to watch the film earlier than next year.
No Time To Die was originally scheduled for 1 April 2020. However, its release has been routinely pushed back due to the ongoing coronavirus pandemic.
News of the most recent postponement – until 2 April 2021 – was announced in early October.
The decision was swiftly followed by the news that cinema giant Cineworld is temporarily closing its 128 cinemas in the UK and Ireland, as well as its US theatres, putting 45,000 jobs at risk.
Mooky Greidinger, the boss of Cineworld, told Sky News that the movie studios' decision to postpone several major releases, including Black Widow and Wonder Woman 1984 has driven the controversial decision.
Greidinger explained that the delay to No Time to Die was the final straw as a new Bond movie is consistently the biggest release of the year in the UK.