James Bond thwarts latest villain - bankruptcy

By Hibah Yousuf, staff reporter


NEW YORK (CNNMoney) -- The new James Bond movie is finally back on track, after being put on hold for nearly nine months as movie studio MGM sorted through financial troubles.

The 23rd film of the franchise is set to hit theaters on Nov. 9, 2012. Daniel Craig will portray British secret agent 007 for a third time, with Academy Award-winner Sam Mendes directing.

MGM said the as-yet untitled film will celebrate the 50th anniversary of James Bond movies. The first of the films based on the spy novel series by British author Ian Fleming was "Doctor No," starring Sean Connery.

The movie studio, which is also behind the "Rocky" series, filed for Chapter 11 bankruptcy last November. It emerged last month after raising $500 million and working out a debt restructuing plan with Spyglass Entertainment.

MGM said production on the new Bond film will begin later this year.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 18,080.14 21.45 0.12%
Nasdaq 5,092.09 36.02 0.71%
S&P 500 2,117.69 4.76 0.23%
Treasuries 1.92 -0.03 -1.54%
Data as of 5:24am ET
Company Price Change % Change
Microsoft Corp 47.87 4.53 10.45%
Apple Inc 130.28 0.61 0.47%
Comcast Corp 59.64 0.41 0.69%
AT&T Inc 34.01 -0.22 -0.64%
Xerox Corp 11.99 -1.15 -8.75%
Data as of Apr 24
Sponsors

Sections

A major earthquake was the last thing Nepal needed. Even before one of the country's major fault lines rumbled to life, the country was beset by challenges. More

Stars of Youtube, Vine, Snapchat, and Twitter are attending this year's White House Correspondents' Dinner. More

A Girl Scouts Cookie Oven rolling out to Wal-Mart, Target, Kmart stores this summer will let you bake those iconic thin mints right at home. More