0

Financial woes put Bond film on hold

What does it take to stop James Bond? Money woes at Metro-Goldwyn-Mayer. The studio, which is home to the James Bond franchise, is $3.7 billion in debt. And without restructuring or a sale, the 23rd film of the iconic franchise has been pushed back indefinitely.

In a press release, producers Michael G. Wilson and Barbara Broccoli said:

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."

By the way, that's a picture of the 1976 Lotus Esprit Coupe used in the James Bond film "The Spy Who Loved Me" below. (Leon Neal/AFP/Getty Images)

About the author

Daryl Paranada is the associate web producer for Marketplace overseeing all daily website content and production, as well as producing multimedia features and special projects. Follow him on Twitter @DParanada.