The 23rd outing for James Bond has been suspended indefintley due to financial uncertainty over MGM
, which owns the franchise.
Although EON productions holds the rights Ian Flemings work, MGM retains the film rights to the Bond franchise. One of the suggestions to generate cash for MGM was to sell the rights
to the film franchise, however this would be shortsighted since the lifetime gross of the Bond franchise is 5.5 Billion US$
The crippling debt of MGM (3.7 Billion US$) has also been affecting its sale with interested parties unable to agree on how much to pay for the ailing studio, despite being bought by a consortium headed by Sony pictures of America in 2004