Sony hack reveals new James Bond film way over budget

The next James Bond movie, "Spectre," is massively over budget and on track to be one of the most expensive films ever made, costing more than $300 million.

That's according to leaked internal memos from Sony and MGM.

Contactmusic.com reports the studio must cut back $250 million given the film already is tracking to cost $50 million more than the previous Bond film, "Skyfall."

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