James Bond sequel halted as MGM woes continue
“Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development of ‘Bond 23′ indefinitely,” said producers Michael G. Wilson and Barbara Broccoli of Eon Productions. “We do not know when development will resume and do not have a date for the release of ‘Bond 23.'”
The sequel was on track for a late 2011 release, with Daniel Craig back in the lead role and director Sam Mendes behind the camera. MGM had no official comment on the development, but L.A. Times reporter Claudia Eller writes that MGM’s lenders, coping with $3.7 billion in debt, “have been pushing for either a sale of the company or a restructuring with an infusion of capital to remain a stand-alone operation.”
Will Bond survive? And if the legendary agent with a license to kill does make another adventure (which is very likely), will it be under the MGM umbrella? Stay tuned.