Latest ‘James Bond’ Movie Canceled Due To Financial Troubles At MGM

July 10th, 2010 - 7:11 pm ICT by Pen Men At Work  

bond1 July 10, 2010 (Pen Men at Work): Millions of admirers of the ‘James Bond’ sequence of movies exist across the world. However, the news given below will prove to be a source of disappointment for those millions of aficionados. It appears that these admirers will have to wait for a colossally long amount of time for the next ‘James Bond’ movie to be discharged. MGM is currently coping with monetary difficulties. Therefore, the creation of the next chapter of the ‘James Bond’ franchise has now been officially canceled.

It, nonetheless, has to be asserted that the news of this annulment will not shock those individuals, who have scrupulously kept in touch with and analyzed MGM’s continuing economic misery. Nevertheless, the annulment of the next chapter of the ‘James Bond’ franchise is expected to displease its admirers.

The production company of the ‘Bond’ franchise, EON, has mentioned to Britain’s Daily Mirror that it was not aware when progress will start again and was not in a position to remark further at this stage.

It had been divulged that Sam Mendes had been firmed up to don the mantle of the directorship of the next chapter of ‘James Bond’. The audience was guaranteed that the story of this chapter, stemming from the psyche of the writer, Peter Morgan, would be astonishing. Sam Mendes had attained an Oscar for directing ‘The American Beauty’. Consequently, the latest ‘James Bond’ movie was being dubbed as, possibly, one of the most excellent. Nonetheless, what will assuage the admirers somewhat is that the annulment of the next chapter is not likely to be undying.

Market analysts have remarked that the salvage of MGM from its economic plight by any entity may ensure the discharge of the latest ‘James Bond’ in the near future. MGM possesses a whopping $3.7 billion in debt and its lenders are striving to conclude a streamlining offer. Under discussion is a joint venture with businesses such as Summit Entertainment and Spyglass Entertainment. Summit is the studio at the back of the ‘Twilight’ series of movies.

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