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'Bond 23' put on hold
Source: BBC
The 23rd outing for James Bond has been suspended indefintley due to financial uncertainty over MGM, which owns the franchise.
Although EON productions holds the rights Ian Flemings work, MGM retains the film rights to the Bond franchise. One of the suggestions to generate cash for MGM was to sell the rights to the film franchise, however this would be shortsighted since the lifetime gross of the Bond franchise is 5.5 Billion US$ thus far.
The crippling debt of MGM (3.7 Billion US$) has also been affecting its sale with interested parties unable to agree on how much to pay for the ailing studio, despite being bought by a consortium headed by Sony pictures of America in 2004.
The 23rd outing for James Bond has been suspended indefintley due to financial uncertainty over MGM, which owns the franchise.
Although EON productions holds the rights Ian Flemings work, MGM retains the film rights to the Bond franchise. One of the suggestions to generate cash for MGM was to sell the rights to the film franchise, however this would be shortsighted since the lifetime gross of the Bond franchise is 5.5 Billion US$ thus far.
The crippling debt of MGM (3.7 Billion US$) has also been affecting its sale with interested parties unable to agree on how much to pay for the ailing studio, despite being bought by a consortium headed by Sony pictures of America in 2004.
Comment
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Comment by Alexander Colebrook on April 30, 2010 at 4:26am -
this blows, just when the bond films were getting good someone goes & fucks it up
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Comment by Andre C. on April 28, 2010 at 3:05pm -
Damn I loved this man in this role, he made Casino Royale and I know the second movie was not that great, but the third one maybe.........Fuck this ruined my day.
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Comment by Victor Hooper on April 24, 2010 at 4:25pm -
What will happen to MGM? This used to be a company that turned out good movies all the time back in the 50s. James Bond is not the bread and butter of the entire company. Seems like a desperate move.
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Comment by Cranky Old Dude on April 24, 2010 at 2:50pm -
Damn. And the house of Cards that is studio fiancing once again claims another victim. Funny, every day I get junk emails from MGM with the latest DVD 7 Blue Ray updates from their vaults. Like they are selling their soul to stay afloat. And I agree with the concern that we could loost Mr. Craig. A big loss indeed. Hmm How about our new Aussie Friend from Spartacus?????
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Comment by Zog on April 23, 2010 at 2:01pm -
GOD.....DAMMIT.
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Comment by GodDamnRobots on April 23, 2010 at 10:31am -
NO!
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Comment by Mr. Ginger on April 22, 2010 at 5:48pm -
I don't think we lost our current bond but it's sad to see the studio that Bond was raised on is doing this bad. Hopefully he finds a new home........I really hope it's not Fox
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Comment by RemiCorps on April 22, 2010 at 12:27pm -
This is unfortunate. I really enjoyed Casino Royale... although Quantum didn't live up to it.
Perhaps all this hardship will actually make them double their efforts for this one, once they get everything settled.
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Comment by ShibuyaRiver on April 22, 2010 at 11:33am -
@PBateman441
Go to bed.
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Comment by PBateman441 on April 22, 2010 at 8:40am -
I think we just lost Daniel Craig as Bond....... GREAT!!! Now who's gonna replace him ???? Fucking Zac Efron !?!?!?! And don't think that shit would not happen if Bond ends up going to a different studio, DON'T THINK IT WON'T HAPPEN!!!!!!!!!
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