The 24th James Bond movie, Spectre, is massively over-budget and currently stands to cost Sony and MGM "in the mid $300Ms", according to leaked internal memos. MGM president Jonathan Glickman sent emails in early November explaining how the studio is looking to cut costs.

SkyfallSpectre is tracking to cost $50 million more than Skyfall

Glickman said the studio must cut back to $250 million given that Spectre is already tracking to cost $50 million more than Skyfall. He suggests numerous cost-cutting changes, including relocating a Villa scene in Rome in London, using fewer carriages on a train scene and forgetting the dramatic finalen"in the rain". Glickman also suggests showing "the more modern aspects" of Mexico to maximize "the Mexican incentive" (the makers of the film are getting paid to shoot in South America".

"We recognize that this movie needs to build on the past few films - and there are expectations we must meet for the audience. Still, we must find further cuts," Glickman said. "This is not about 'nickel and diming' the production."

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Bond heiress Barbara Broccoli hit back, saying that she "cannot find the cemetery or villa in the UK", which lead Sony co-chairman Amy Pascal to reply: "It's insane and you know with no script this movie is gonna go overbudget."

Elsewhere, Glickman said he had struck a major product placement deal with Heineken to help reduce the budget, while Andrew Scott (Dr Moriarty from Sherlock) was cast as Bond's intelligence agency boss for $1 million less than they were going to pay the 12 Years a Slave star Chiwetel Ejiofor.

The emails also confirm that Christoph Waltz will play the evil genius, Ernst Stavro Blofeld.

Spectre will be released in cinemas worldwide on November 6, 2015.

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