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Sunday November 7, 2010 12:44 am

MGM Bankrupt, But Bond Will Go On

MGM may have filed for bankruptcy earlier this week, but the 23rd James Bond movie will receive the financial support it needs. The studio announced that they’ve picked up a partner to foot the bill on Bond.

Daniel Craig, the current Bond, recently released a statement urging MGM to get their movie projects together, so he should be thrilled with this news.

Meanwhile, MGM is still shopping for a partner to pick up the bill on The Hobbit, which comes with a $265 million price tag.

Production for the next 007 film will start soon in order to get it ready for its November 2012 release date.

Read More | E! Online

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