James Bond, Mgm | featured news

James Bond is staying put with the studio that distributed his last two big-screen adventures. Sony Pictures has signed a deal with MGM to co-finance and distribute the 23rd film in the super-spy franchise, due in theaters Nov. 9, 2012. Daniel Craig will be back for the third time as British agent Bond.

James Bond film back on track, MGM confirms to EW; Sam Mendes still to direct, John Logan to write screenplay.

In the midst of complicated financial restructuring following their bankruptcy claim, MGM has issued plans for the future of their flagship James Bond franchise, reports Bloomberg .

The next, currently-untitled, Bond film is planned for November 2012 and the article claims that sequels will follow every other year.

The 23rd entry in the franchise, the film was originally set to star returning actor Daniel Craig as Bond with Sam Mendes attached to direct. Though it is very likely that Craig will still return, there is not yet a confirmation of Mendes' continued involvement.

Hollywood studio Metro-Goldwyn-Mayer Inc., the home of James Bond, says it has filed for bankruptcy protection as the culmination of a long process to restructure its finances with the support of lenders.

The big-screen adventures of James Bond are on hold because of the financial woes of MGM, the studio that distributes the movies, producers said. The 23rd Bond film was in pre-production for a release next year.

MGM's ongoing financial difficulties could be reaching the point of no return -- which would complicate the futures of the Bond franchise and "The Hobbit."