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Tuesday
Jul062010

Bond 23 is officially canceled due to troubles at MGM

This is not news I am happy to deliver. Over the holiday weekend, the 23rd Bond movie was axed at MGM, according to a report by Mirror.co.uk. This news comes just as its production company MGM attempts to get a historic sixth extension on its rumored $2.4 billion in debt. Bond 23 was postponed back in April due to financial problems at MGM, which co-funds the film. 

But production company EON confirmed in a statement:

“We do not know when development will resume and cannot comment further at this stage.”

Worse, an anonymous "insider" source tells the Mirror:

“Members of the production crew have been told the Bond film has been canned. There is a lot of bad feeling as a lot of time, money and hard work has already gone into this.”

American Beauty director Sam Mendes was set to helm the film, which Slumdog Millionaire star Frieda Pinto would also star along with Daniel Craig and Judi Dench. Peter Morgan, who wrote the amazing Frost/Nixon, was penning the script. The last two Bond movies, Casino Royale and Quantum of Solace, each raked in nearly $600 million at the box office. 

My question: how do you expect to get out of debt if you aren't making money? Making a Bond film is like printing cash. Obviously, Bond will return, but if the team has been dismantled, it could be several years before we see a sequel. 

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