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 23,163.04 5.44 0.02%
Nasdaq 6,605.07 -19.15 -0.29%
S&P 500 2,562.10 0.84 0.03%
Treasuries 2.32 -0.02 -0.77%
Data as of 4:06pm ET
Company Price Change % Change
General Electric Co 23.64 0.52 2.25%
Bank of America Corp... 26.53 0.05 0.18%
Micron Technology In... 41.30 -0.35 -0.85%
Apple Inc 155.82 -3.94 -2.47%
Advanced Micro Devic... 13.95 -0.12 -0.85%
Data as of 3:51pm ET
Sponsors

Sections

More than 5% of DACA recipients have started their own businesses since enrolling the program, according to a recent survey. More

The bulls may be in charge of the stock market, but these market skeptics see trouble brewing just beneath the all-time highs. Some even see similarities with Black Monday of 30 years ago. More

Many cities have gone all out to land Amazon's second headquarters. But some of them are keeping details of their incentive plans under wraps. More