Variety revealed earlier today that No Time To Die, the new James Bond film starring Daniel Craig, would be postponed until further notice. On Wednesday, it was announced that the film was supposed to be released on the 2nd of April internationally and on the 10th of April in the United States.

However, due to the recent spread of the coronavirus, theaters have closed in other markets including Japan, China, South Korea, and Italy. The closure of many theaters, in other words, could be the cause of a major loss in revenue for the film.

The latest James Bond film cost around $200 million to create and many millions more to market. Because of its massive budget, the film needs to rake in the box office numbers to make money.

In the United Kingdom, the movie comes out on the 12th of November and will launch in the United States on the 25th of November, 2020.

The rescheduling of No Time To Die could also have a ripple effect due to its impact on other films. In other words, movies scheduled for release in November of this year might be additionally delayed.

Industry experts have stated that closures thus far have made their mark on the movie business, including in places like Taiwan and Hong Kong.

Reportedly, the new Jame Bond movie will open around the same time as Godzilla Versus Kong as well as Raya and the Last Dragon, from Disney. Moreover, the film marks the very last time Daniel Craig will work as James Bond, aka, 007, following his work in other Bond-movies like Casino Royale, Quantum of Solace, Skyfall, and Spectre.

Back in October 2019, Todd Malm reported that the cast and crew had wrapped principal photography for No Time To Die. An official Twitter account for the film confirmed the news.

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The latest James Bond film will also star actors such as Rami Malek, who garnered critical acclaim for his portrayal of Freddie Mercury in Bohemian Rhapsody, in addition to Christoph Waltz, Jeffrey Wright, and Naomie Harris.