MGM has parted ways with Universal Pictures for international film distribution.
In a joint press release, MGM has announced that Warner Bros. will distribute its upcoming movies overseas. However, the pact does not include “Bond 26, ” the next chapter in the James Bond series, as well as director Chinonye Chukwu’s historical drama “Till” (set for Oct. 14) and “Women Talking” (Dec. 2). Universal Pictures International is handling the rollout for those films outside the U. S. as part of a previous distribution agreement between the particular two companies.
Under their former contract, Universal had helped MGM steer pandemic-era releases like Ridley Scott’s starry crime drama “House of Gucci” to $100 million abroad, Paul Thomas Anderson’s coming-of-age story “Licorice Pizza” to $15 million (which is impressive since the movie only generated $17 mil in the U. S. ), and “No Time to Die, ” the particular 25th Bond entry, in order to $613 million internationally. Prior to landing at Universal, Sony Pictures International distributed the first four 007 installments along with Daniel Craig as the suave super-spy. With the new arrangement, Warner Bros. will be responsible for Bond 27 and beyond — though that may take a while. Bond’s long-time custodians Barbara Broccoli plus Michael G. Wilson have yet to announce the successor in order to Craig, who hung up his suit in “No Time to Pass away. ”
Former MGM leaders Michael De Luca and Pamela Abdy, who were newly appointed as co-chairs plus CEOs of Warner Bros. Pictures Group, arranged the particular deal with MGM’s chief operating officer Christopher Brearton. The partnership between MGM and Warner Bros. will begin with filmmaker Luca Guadagnino’s cannibal thriller “ Bones and All , ” which opens Nov. 23, as well as Michael B. Jordan’s directorial debut “Creed III, ” which is scheduled with regard to March 3, 2023.
Under the terms associated with the deal, MGM and Warner Bros. Picture Team will collaborate on marketing and advertising, publicity, film distribution plus exhibitor relations on behalf of MGM’s future slate of theatrical releases outdoors North America (including China), with the team at Warners accountable for execution. The new agreement also includes worldwide physical home entertainment submission on all newly released MGM titles.