Poor MGM can’t catch a break. The legendary studio has been at the center of a serious financial crisis over the past few weeks, and there seems to be no sign of relief in sight. According to WAMG, MGM could be losing its livelihood with the possible loss of Ian Flemings James Bond franchise. Some reports are suggesting that Twentieth Century Fox may be stepping in to buy the property.
According to the site, MGM has already sold off the 007 franchise to Fox.
A source close to the dealings has let We Are Movie Geeks know that Bond is alive and well, and will be settling into his new domicile for marketing and distribution at 20th Century Fox. That’s right, expect the official word to come out any day now, but it looks like ‘Bond 23′ is going to be running behind the Fox banner.
The last two Bond films were released by Sony, who acquired MGM back in 2004. Twentieth Century Fox has already been dealing with the home entertainment and international marketing for the films, which will make the transition a lot easier. When Fox was asked about the rumor they insisted that it’s not true, yet WAMG expects an announcement “any day now” that will prove it is.
Who do you believe? I understand MGM has been backed into a corner, but selling off Bond would be an idiotic move. The franchise is their bread and butter. How many film franchises do you know that can go up to 23 installments?! Bond is more than a film or a character, it’s a legacy, and the last time I checked so was MGM.
What do you think about the possibility of Fox buying Bond from MGM?