It’s not set in stone, but MGM has announced that new James Bond films starting with Bond 23 may be released every second year starting in November 2012 according to Bloomberg. Right now MGM is only wanting to own 50 percent of Bond 23 with an equal partner paying all of the production costs. Further 007 adventures would be wholly owned and funded by MGM.
Before any of this occurs though MGM must first go through bankruptcy which it recently filed for, and take care of its obligations for Peter Jackson’s The Hobbit. MGM announced that they’ve already paid $20 million to fund production of the two films and estimates that they may be required to pay $275 million total.
Still unknown is whether MGM plans to continue to distribute the James Bond films. Much speculation has been made saying they won’t which could open a battlefront for distribution rights to the lucrative series. Columbia Pictures, Warner Bros, Fox, and Paramount are said to already be in contention.