It’s Steven Soderbergh’s second movie of 2025, also with screenwriting vet David Koepp, and this time they’re tackling the spy thriller, centering on a marriage between two spies. Michael Fassbender and Cate Blanchett play a couple who both have clandestine lives, and when either one ventures into sharing sensitive details, they utter the code “black bag” as a conversation-ender. There’s a mole in the agency and Fassbender is tasked with uncovering the identity of the culprit, but he worries this investigation might ultimately point toward his own wife and then what’s a man to do? Black Bag is one of those more realistic, exacting spy thrillers, which means it’s churning at a very slow pace with minimal stakes before things ratchet up late. The parallels between trust in a marriage and trust in a spy agency are there but never explicitly explored for thematic richness. You know where the ultimate goal is, finding the mole, but every scene plays out more like a couples drama of squabbling, unhappy upper class winos with secrets and grudges. I had to occasionally remind myself, “Oh yeah, these are spies.” I never fully got on board the wavelength of this movie, finding its detached sexy vibe to be more glossy and meandering. The characters just weren’t that interesting to me. I kept waiting for things to pick up, and even when characters are murdered the tension level still feels unchanged. It’s all a little too heavily submerged under the icy tranquil surface for me. Black Bag is a sedate spy thriller presented as sophisticated but comes across a tad too detached and ultimately tedious.

Nate’s Grade: C+