The 23rd film in the James Bond film franchise has been canned. MGM, one of the franchise’s backers from the start, is heavily in debt. Many are quick to point out that this will not be the end of the series featuring the covert british agent with a license to kill. It will only be a matter of time before another company picks up the rights. It appears that Spyglass Entertainment is most likely frontrunner to pick things up, with Summit Entertainment (those responsible for the Twilight films) not far behind. This 23rd installment was to star Daniel Craig returning to the role with Sam Mendes directing. It seems likely that both will be pursuing other opportunities very soon.

MGM’s debt has affected other films currently in limbo as well, most notably The Hobbit.

[via Mirror]

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