MGM's Troubles Means James Bond 23 is Delayed Indefinitely
It looks like The Hobbit isn't the only production being affected by the uncertain future of MGM and it's financial instability, as EON Productions, one company behind the James Bond franchise announced in a press release today that they have suspended development on the next installment of the secret agent franchise starring Daniel Craig which was going to be released sometime in 2011 or 2012. This comes only a few months after hearing that development would at least be slowed, but now it looks like it will come to a complete halt. Can't somebody pick up the pieces of this legendary studio that's turned all Humpty Dumpty?
Producers Michael G. Wilson and Barbara Broccoli said very succinctly and briefly in the press release:
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.'
A new James Bond with director Sam Mendes at the helm sounded so enticing, but MGM's woes have now become our own as some of our favorite franchises are left waiting in the wings for a greenlight or even the possibility of actual production. It's bad news bears when the longest running film franchise in history can't get off the ground. Deadline has been reporting extensively on all the problems and worries MGM has been having as they struggle with creditors with the most recent solution being a potential takeover of the studio by directors/producers/brothers Tony and Ridley Scott. Let's hope someone steps up and gets them out of the gutter so both James Bond and The Hobbit don't have to be held back by all this bureaucratic bullshit.