Skip to main content

Latest James Bond film on hold

By Alan Duke, CNN
Daniel Craig is the latest James Bond in the hugely popular movie series.
Daniel Craig is the latest James Bond in the hugely popular movie series.
STORY HIGHLIGHTS
  • Producers announced that still-untitled 23rd James Bond film is on hold
  • MGM, studio that produces the Bond films, is looking for a new owner
  • Bond series started in 1962 with "Dr. No"; last two films grossed $1.2 billion worldwide
RELATED TOPICS
  • Movies
  • James Bond

Los Angeles, California (CNN) -- 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.

"Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on BOND 23 indefinitely," producers Michael Wilson and Barbara Broccoli said in a joint statement. "We do not know when development will resume and do not have a date for the release of BOND 23."

MGM has been on the brink of bankruptcy as it works with creditors to find a new owner.

The James Bond series is the longest-running film franchise in history, with the first movie about the world's most famous fictional spy -- "Dr. No" -- released in 1962.

The movie franchise and merchandising are controlled by EON Productions. Wilson and Broccoli took over the 007 franchise from Albert "Cubby" Broccoli in 1995.

 
Quick Job Search