Metro Goldwyn-Mayer and EON Productions, the co-owners of the James Bond film rights, have been hearing pitches from studios eager to snatch up the distribution rights. Studios vying for the franchise include Warner Bros, Universal, 20th Century Fox and new upstart Annapurna. As for Sony, their presentation took place inside a sound stage on a recreated set from the first James Bond movie, 1962’s Dr. No. Sony’s chief executive Kazoo Hirai also helped give the pitch, which focused on the studio’s familiarity with James Bond and how they have big plans to grow the series. Whether Sony comes out on top or one of these other studios instead, MGM and EON are only offering a one-film contract. The New York Times speculates that this is probably so MGM can keeps its options open in case there’s a sale or public offering on the company.