Science Fiction World

Metro-Goldwyn-Mayer has filed for bankruptcy according to NBCChicago, but this should have no impact on MGM's major planned movie blockbusters, The Hobbit or the 23rd James Bond film. In fact, the restructure and bankruptcy declaration (Chapter 11 in the US) will help the next James Bond film back into development according to the article. The 23rd James Bond film starring Daniel Craig was shelved in July.

"MGM plans to have the next Bond film in theatres by November 2012, with another coming every other year afterward," NBCChicgo reported.

Sam Mendes is rumoured to be directing the new Bond film, which will be Daniel Craig's third bond film after Casino Royale (2006) and the Quantum of Solace (2008).

Founded in 1924, MGM has produced some of the biggest movie hits of all time from Ben-Hur to the Rocky film series.

The release of both a new Bond film and the upcoming Hobbit movies will hopefully allow MGM (in time) to recover from their recent tumultuous financial history. And of course Daniel Craig gets to continue his excellent work. If they follow on directly from the Quantum of Solace (just as the Quantum of Solace followed Casino Royale), you could see this new film as the final part of a Daniel Craig James Bond trilogy.