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Oh noooo! This is such disappointing news for us James Bond fans.
Movie studio MGM has confirmed that production of the twenty-third bond film has been completely terminated. Back in April, producersMichael Wilson and Barbara Broccoli announced that development of the next installment of the celebrated spy movie franchise had been put on hold “indefinitely” due to the financial instability of MGM, the distributor and major stakeholder of the Bond property. With this announcement, the film’s development has gone from being on hold to full stop.
To date, MGM is still bankrupt and seeking a buyer for the studio and/or its assets, such as James Bond. The studio has been given until July fourteenth by its lenders to work out a plan of action with potential buyers. The three major entities to emerge as the most likely to purchase MGM are Spyglass Entertainment, Summit Entertainment, and Lionsgate Entertainment.
Unfortunately, this news means it will likely be several years before we see a new Bond picture released in theaters. EON Productions, which produces the Bond films, has stated: “We do not know when development will resume and cannot comment further at this stage.” Daniel Craig, the most recent actor to play 007, has not released a statement about the cancelation. In light of the fact that he is under contract for at least two more films, Craig is probably not thrilled about the news.
I’m sad to say that it looks like we have no choice other than to simply live and let die… for now.
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