Latest James Bond film axed

The latest James Bond film, which was due to be released in 2012, has been axed due to Metro-Goldwyn-Mayer’s cash problems — the historical studio is in debt to the tune of $3.7 billion. The film was to star Daniel Craig, with Sam Mendes directing a screenplay written by Peter Morgan. A statement from Bond producers Michael G. Wilson and Barbara Broccoli said: “We do not know when development will resume and cannot comment further at this stage.” The previous James Bond film, Quantum of Solace, earned $586 million at the worldwide box office.

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Comments & Discussion

  1. Age A • July 8, 2010 @ 10:20 AM

    WTF?!!!!!!! Sell the franchise to a film studio with cash!!! Life without James Bond sux!! I grew up with the series of stinkers and blockbusters but there was always the knowledge that James would be there to keep every young males super-spy fantasies alive. Broccoli will be spinning in his grave with the thought of Bond being as dead as he is…someone MUST keep the franchise alive…

  2. L1feless • July 8, 2010 @ 10:35 AM

    I have to agree with Age A. realistically this will be a tough choice but MGM or whatever company owns Bond will need to make a tough choice. Likely they will need to start a fire sale. Pick and chose which films and rights to films they are willing to sell off and get on with it. Like in any failing business these are tough choices which need to be made. The sad thing is they have some excellent film rights in their catalog.

    Sounds to me like it is poor money management.

  3. gail M. • July 8, 2010 @ 10:53 AM

    where all the revenue went?

  4. Antonious • July 8, 2010 @ 11:17 AM

    Bond was always a safe investment… “Buy Bonds!” How can MGM mess this one up? This should be a licence to print money, as well as to kill, (at the box office). Someone’s asleep at the wheel here. RIP Chubby, too bad you’re not still at thr helm.

  5. michael2004 • July 8, 2010 @ 12:16 PM

    WTF? Craig as 007 was the best appearance of the series. They should make another 7 movies to pay the debt.

  6. likeit1 • July 8, 2010 @ 2:17 PM

    MGM in cash Bondage?

  7. diehard • July 8, 2010 @ 6:43 PM

    Could be corrupt ceo’s like Lord Black or any other ceo scoundrel who took a little extra just to finance a new car, house, or a few weeks vacation. Who knows but it sounds iffy..

  8. demigod • July 8, 2010 @ 11:14 PM

    MGM is Illuminati. They have it all figured out.

  9. stargazer • July 9, 2010 @ 12:45 AM

    Broccoli spinning? How about Louis Mayer, the founder of the company? He must be spitting gold dollars!
    MGM will doubtless be selling off some of its assets, but theu will try to hang onto any they know can generate some cash flow – like Fleming’s man.
    Here’s hoping!!

  10. Sherrie • July 10, 2010 @ 9:46 PM

    What the hey! This lacks of greedy people who can’t seem to hang onto their money. Where did all the money go to? I don’t believe that they are 3.7 billion dollars in the hole. these big executives should be answering as to where all the money went. I grew up with Bond. We need Bond and not half the garbage that comes out of the movies. Just what is going on here???
    MGM gets big cuts from all the movies, talk about poor money management

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