No Time to Die could lose up to $50m (£38m) for studio MGM after its release date was pulled due to the coronavirus outbreak.
According to the Hollywood Reporter, MGM was convinced to delay the film and lose money as they believed even more money would be lost if the release date remained fixed.
No Time to Die will now be released on 12 November.
While No Time to Die hadn’t yet launched the majority of its promotional campaign, including junkets and international premieres, some commitments were unable to be changed.