Bond Is Back

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November 5, 2010 | 12:35pm EST

The next James Bond film is officially back on track – production on the stalled project is set to resume and the movie is due in cinemas in late 2012.
The 23rd 007 picture, starring Daniel Craig, was put on hold indefinitely this year as the Metro-Goldwyn-Mayer (MGM) film studio fell into financial difficulty.

The firm filed for bankruptcy this week and announced plans for a massive restructuring of the company’s finances.

The deal means film projects previously put on ice can now go ahead – and MGM executives have announced the Bond film is a high priority.

Craig’s third outing as the superspy will be released in November 2012 and MGM bosses will then resume the franchise’s tradition of releasing a Bond film every other year for the foreseeable future, according to the Hollywood Reporter.