Sam Mendes reveals the title of the 24th James Bond film

The video introduces the setting at Pinewood Studios, specifically the 007 stage, and announces details about the upcoming Bond movie. The speaker, representing key figures and studios, reveals the movie's title as 'Spectre' and hints at its significance within the Bond franchise.

What does the speaker mean by 'the stage where budgets go to die'?

What does the speaker imply about the title 'Spectre'?