Why isn’t there a new Bond movie?
Yes, I know MGM (or, more accurately, the latest in a long bunch of shysters to own the rights to the MGM name and to make James Bond movies) are in serious financial trouble.
But if I was in serious financial trouble, and I owned a money tree, but I couldn’t afford to harvest the money tree due to my serious financial trouble, then I’d sell someone the rights to the next harvest of my money tree. Then, I might be able to do the following money tree harvest myself. At a worst case, the money tree’s money crop hasn’t just rotted on the branches.
So I’m genuinely perplexed about the weird machinations that mean we’re not going to get another Bond movie until forever. What incentive have MGM’s management got to not sell the rights to make a new Bond (which will make copious quantities of money, unequivocally) to someone with dollars, rather than sitting around making nothing until they go painfully bust?
I suspect it’s an accounting / US law / principal-agent problem, but would appreciate guidance from anyone who either knows, or can come up with a vaguely sensible reason for MGM’s management to do what they’re currently doing…