With debt-burdened studio MGM still facing an uncertain future, it's been announced that work has been halted on the next James Bond movie.
"Bond 23" had been slated for a 2011/2012 release with star Daniel Craig saying production would start later this year.
In a joint statement, producers Michael G Wilson and Barbara Broccoli said: "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. We do not know when development will resume and do not have a date for the release of 'Bond 23.'"
The duo took over EON Productions in 1995 from Albert R 'Cubby' Broccoli, Barbara's father and Michael's stepfather. EON has produced 22 Bond films since 1962.
Director Sam Mendes was attached to helm the latest Bond film, but MGM's troubles have now become our own as the longest running film franchise in history can't get off the ground.
Of course, such a decision may be exactly what is necessary to get things moving as drastic measures can light more fires once people see things have gone from just being talk to actually showing some real world effect. However, will the troubles at MGM affect more than just 007?
In a recent interview with Moviefone, Peter Jackson spoke of the expected adaptation of "The Hobbit" to be directed by Guillermo del Toro saying, "Well, it's not really been delayed, because we've never announced the date. I mean it's sort of interesting because [MGM] has never greenlit 'The Hobbit,' so therefore 'The Hobbit' has never been officially announced as a 'go' project, nor have we ever announced a date."
As a big fan of both the Bond franchise and anything related to "Lord of the Rings," I hope something gets worked out so these films can get into production.
I’m sure we’ll be seeing 007 drinking a martini on the big screen again – it’s only a matter of time.
More news to come! Catch ya' later!
Sources: The Geek Files, First Showing, Rope of Silicon