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Metro-Goldwyn-Mayer has cancelled the November debut of the new James Bond movie, No Time to Die, one of the few big films left on the 2020 calendar. The picture is now scheduled for April 2021, a year after its original premiere date.
“Absent a miracle, the box office will regress in the coming weeks,” said Shawn Robbins, chief analyst at BoxOffice Media. “Cinemas and audiences are at the mercy of natural and political forces largely beyond their control.”
The grim reality for theatres prompted S&P Global Ratings to cut its rating for AMC Entertainment Holdings Inc this week, saying that a default
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