It appears that with MGM finally agreeing to go into bankruptcy (declaring bankruptcy instantly gives MGM a stellar credit rating), it now can go back into producing films. One of its biggest franchise, James Bond, is coming back, and plans are to have the next Bond film in theaters by November 2012. As is, the studio will retain 50% of the rights to that next film, while an equal partner will cover all the production costs (which could benefit many studios, as this could be Paramount, Universal, Sony, Disney or even Spyglass Entertainment -who’s management has took over the studio). Still, further Bond sequels will be fully owned and funded by MGM itself, even though most of the profits goes EON Films, who holds the copyright to the Bond films. And right now, their ambition is return a Bond film to the screen every two years starting with the 2012 release.
"It is likely I will die next to a pile of books I was meaning to read.” -Lemony Snickett
06 November 2010
Bond 23 set for November 2012; will it star Daniel Craig?
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