The upcoming James Bond film, No Time To Die, has been officially pushed back to a November release, more than six months later than its originally planned April 2, 2020 date. This decision was reported first by Deadline, who received a statement regarding the plan.

“MGM, Universal and Bond producers, Michael G Wilson and Barbara Broccoli, announced today that after careful consideration and thorough evaluation of the global theatrical marketplace, the release of No Time to Die will be postponed until November 2020. The film will be released in the U.K. on November 12, 2020 with worldwide release dates to follow, including the U.S. launch on November 25, 2020,” MGM, Universal, and Eon said in a joint statement.

This is a purely economic decision being made by the studios, who have growing concerns about the state of the global box office with regards to its performance during the ongoing coronavirus outbreak worldwide. Theaters have been closing due to health concerns around Asia and Europe, with China alone potentially about to lose more than $2 billion after shutting down 70,000 theaters.