Film producers have revealed that the production of the next James Bond film has been suspended “indefinitely”, due to debt problems at MGM film company.
MGM is tackling huge debts of £2.4 billion and in the process of looking for a buyer, however so far, offers have fallen far short of the £1.3 billion sought by the company and its debt holders.
According to a report on BBC News, it is not known when production on the 23rd Bond film will start up again, and a release date has not been given.
Producers Michael Wilson and Barbara Broccoli, of EON Productions, said in a statement: “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.”
However, fans of the iconic film franchise need not fear – experts believe that Bond will be back, whether it’s with MGM or the backing of another company.
Helen O’Hara, from movie magazine Empire, said that the series was a safe bet for film companies, telling the BBC: “If the Bond franchise went up for sale I don’t think there’d be any problem at all.”
Muscle-bound movie star Daniel Craig is the current James Bond, and the sixth actor to step into the role (following in the suited and booted footsteps of Sean Connery, George Lazenby, Roger Moore, Timothy Dalton and Pierce Brosnan).
The actor has said: “I have every confidence in Barbara and Michael’s decision and look forward to production resuming as quickly as possible.”
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