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

Index Last Change % Change
Dow 20,940.51 -40.82 -0.19%
Nasdaq 6,047.61 -1.33 -0.02%
S&P 500 2,384.20 -4.57 -0.19%
Treasuries 2.28 -0.01 -0.61%
Data as of 9:41am ET
Company Price Change % Change
Bank of America Corp... 23.34 -0.31 -1.31%
Intel Corp 36.15 -1.28 -3.42%
Advanced Micro Devic... 13.30 -0.32 -2.35%
Synchrony Financial 27.80 -5.25 -15.89%
Ford Motor Co 11.47 0.00 0.00%
Data as of Apr 28
Sponsors

Sections

A Washington outsider, Trump has surrounded himself in his first 100 days with those he knows best: business leaders and top executives. More

Elon Musk revealed Friday a video depicting a network of underground tunnels he hopes to create beneath the city of Los Angeles. More