MGM Troubles Stop 007

Producers blame uncertainty about studio's future
By Rob Quinn,  Newser Staff
Posted Apr 21, 2010 2:49 AM CDT
MGM Troubles Stop 007
Daniel Craig stars as James Bond 007 in pursuit of an Mi6 traitor in a scene from "Quantum of Solace."   (AP Photo/Sony Pictures, Susie Allnutt, FILE)

MGM's massive debt has done what Goldfinger, Scaramanga, et al couldn't: Stop James Bond in his tracks. The next 007 movie starring heart-stopper Daniel Criag has been suspended indefinitely because of the studio's financial woes and uncertainty about its future, the BBC reports. MGM owes $3.7 billion and has been seeking a buyer since late last year.

The 23rd movie in the Bond franchise was expected in 2011 or 2012. Craig said he looks forward to production resuming as soon as possible. Industry analysts believe the Bond producers will now seek to cut their ties with MGM, owner of the franchise, and try to make the next movie with a healthier studio.
(More MGM stories.)

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