James Bond Put On Hold Indefinitely

007 producers, Michael G Wilson and Barbara Broccoli of EON Productions, today announced they have suspended development on the next James Bond film previously scheduled for release 2011/2012.
"Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on BOND 23 indefinitely. We do not know when development will resume and do not have a date for the release of BOND 23," stated Michael G Wilson and Barbara Broccoli jointly.
EON Productions have produced twenty two James Bond films since 1962. In 1995, Michael G Wilson and Barbara Broccoli took over the 007 franchise from Albert R 'Cubby' Broccoli and are responsible for producing some of the most successful James Bond films ever, including CASINO ROYALE and more recently QUANTUM OF SOLACE. The James Bond franchise is the longest running in film history. EON Productions and Danjaq LLC are affiliate companies and control all worldwide merchandising for James Bond.
As a life long fan of the 00 agent I was dreading this news, but on some level I think we all knew it was coming. I just hope they're able to figure things out sooner then later, I'd hate for them to re-cast Bond after a long length of time passing between Quantum and its sequel and having Craig not suit the part anymore, or worse yet getting another re-boot to the franchise. I like the current formula of having one story arc develop over the course of a presumed trilogy, rather then every film being "stand alone" like the previous bond films were.
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