Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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

Search for Jobs

Index Last Change % Change
Dow 18,169.27 -53.76 -0.30%
Nasdaq 5,283.40 -26.43 -0.50%
S&P 500 2,143.16 -8.17 -0.38%
Treasuries 1.76 -0.01 -0.28%
Data as of 6:46pm ET
Company Price Change % Change
Chesapeake Energy Co... 6.11 -0.25 -3.93%
Under Armour Inc 32.89 -5.01 -13.22%
Freeport-McMoRan Inc... 10.55 0.37 3.63%
Bank of America Corp... 16.72 -0.05 -0.30%
Apple Inc 118.25 0.60 0.51%
Data as of 4:15pm ET


Donald Trump has repeatedly said he pays "tremendous" amounts in taxes, but when it comes to his properties, he fights to pay as little tax as possible. And that often comes with a cost to the towns or cities where Trump owns property. More

Food shortages, recession, skyrocketing inflation and a plummeting currency are just a few issues causing Venezuela to dive deeper into crisis. More

Google unveiled a 55-inch digital whiteboard on wheels that's intended to 'redefine meetings,' or at least help Google gain footing in the workplace. More

People flying on Delta can now use the company's app to see where their luggage is in its journey to its final destination. More