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Bond 23 delayed indefinitely?

As you may or may not know, MGM had recently put itself up for sale after a slump in DVD sales left it unable to manage a debt of more than $3.7 billion.  That’s right, $3.7 billion!  Sources have revealed that they’ve reportedly received a $1.5 billion bid from Time Warner.  Though this is the highest bid the company has received, it’s still below the $2 billion MGM was hoping for and the company can still file for bankruptcy.  What this means for us, the consumers, is that now the so-far untitled 23rd Bond movie has now been “delayed indefinitely.”  Keep in mind that the James Bond franchise is one of MGM’s most lucrative.  Long time Bond movie producers Michael G. Wilson and Barbara Broccoli have said, “Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on BOND 23 indefinitely. We do not know when development will resume and do not have a date for the release of BOND 23.”  It can be assumed that whoever does end up with MGM will obviously proceed with production, since the Bond franchise is a cash cow.  But only time will tell!

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