James Bond May Hire His Gun out to SonyFeb 10th, 2011 | By Roy Rasmussen | Category: Art and Entertainment
Half of the next James Bond movie may be financed by Sony Pictures, if negotiations between Sony and MGM reach agreement, the Los Angeles Times reported Tuesday.
The move is a step in MGM’s climb out of bankruptcy, which the company exited last December.
The deal calls for Sony to co-finance 50% of the next James Bond movie and 25% of a potential follow-up. Sony co-financed and released MGM’s last two Bond movies, Casino Royale and Quantum of Solace.
Sony would also release MGM’s completed movies Red Dawn and Cabin in the Woods, along with all future MGM films.
Additionally, Sony would handle DVD and digital sales of the MGM library, which includes 4,000 titles.
The next James Bond movie is so far untitled, and as the twenty-third film in the “official” series it currently goes by the name of Bond 23. The film is in preproduction and is to be directed by Sam Mendes, famed for winning Best Director with his debut film American Beauty.
Daniel Craig will return as James Bond, reprising his acclaimed performance in Casino Royale.
Although the last Bond film Quantum of Solace did not fare as well critically as Casino Royale, it still capitalized on Craig’s previous performance to become the second highest grossing James Bond film, pulling in $586,090,727, which would be a definite boost to MGM’s finances.
The film is scheduled for release in November 2012.