James Bond Shelved Indefinitely

The next 007 adventure may not come to theaters near you next year or the next. Producers said work on the 23rd James Bond, which stars Daniel Craig in his third turn as the British spy extraordinaire, had been put on hold due to the uncertainty surrounding the fate of film outfit MGM.

Producers Michael Wilson and Barbara Broccoli said the slow process of selling MGM is the reason for the indefinite cancellation of James Bond, which is the studio company’s most profitable franchise with around $1.5 billion in ticket earnings in North America alone.

Craig, who first played James Bond in 2006’s “Casino Royale,” was supposed to reprise his role in the 23rd installation of the franchise. Sam Mendes, who won an Academy Award Best Director Trophy for 1999’s “American Beauty,” was supposed to direct the new Bond film.

The last James Bond movie, “Quantum of Solace,” grossed $586 million world wide.