In a press release on 11th January 2011 - LOS ANGELES, CA - Michael G. Wilson & Barbara Broccoli of EON Productions, together with Gary Barber & Roger Birnbaum, Co-Chairmen and Chief Executive Officers of Metro-Goldwyn-Mayer Inc., announced that the 23rd James Bond film will commence production in late 2011 for a worldwide release on November 9, 2012.

"Daniel Craig will be returning as the legendary British secret agent, with Sam Mendes directing a screenplay written by Neal Purvis, Robert Wade and John Logan. Last month, after a very long and public process, Metro-Goldwyn-Mayer confirmed that federal bankruptcy court had approved a prepackaged bankruptcy plan, allowing it to exchange its debt for control and working capital, putting films such as the 23rd James Bond movie and "The Hobbit" back on the table for MGM.

It was also announced today that American screenwriter John Logan would be joining James Bond's regular scribes, Neal Purvis and Robert Wade in co-writing the script for the new James Bond movie. Logan is the 49 year-old screenwriter behind the successful Broadway and West End production "Red", which earned six Tony Awards. In 2003 the writer penned the story and screenplay for Tom Cruise's "The Last Samurai" and writer was also partly responsible for the Academy Award winning "Gladiator" (2000), co-writing with David Franzoni and William Nicholson."

The press release also confirms long-running rumours that Sam Mendes would be directing Bond 23. Whilst it was never confirmed by the Producers of the James Bond films, or MGM, it was understood by industry experts that Mendes was in the running to direct the film, but had signed on to the production as a consultant to avoid a payment trigger from the bankrupt MGM. Last month, the director's ex-wife Kate Winslet gave scoop to UK tabloids that she and her children would be moving to England in order for the children to be closer to their father as he worked on James Bond 23.

MGM is still in bankruptcy, whilst the talks are going on with several studios for the films distribution including Sony and Paramount. The last two Bond films, ‘Casino Royale’ and ‘Quantum of Solace’ were the most successful in the 22 Bond film’s history. However, MGM is slowly emerging from one of the most challenging periods of its storied history. MGM is one of Hollywood's most iconic studios that now has the opportunity to start the next generation Movies and TV productions.

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