Sony Pictures Reaches Agreement with MGM to Co-Finance and Distribute BOND 23 and 24

by     Posted 3 years, 100 days ago

Back in February it was reported that MGM was close to settling a deal with Sony to distribute some of their films. Well, now Sony and MGM have officially reached an agreement for Bond 23 as well as Bond 24. Sony will co-finance and theatrically market and distribute Bond 23 worldwide, and the press release announces that Sony and MGM “look forward to Sony Pictures co-financing and distributing Bond 24 on a similar basis.” All-in-all, good news for James Bond fans.

Bond 23 is set to be directed by Sam Mendes, with Daniel Craig returning as Bond. Javier Bardem and Ralph Fiennes have both been in talks with producers about taking on two separate roles, with Bardem being offered the villain. The press release also mentions that Sony and MGM will be partnering up on other films besides the Bond series for the next five years. Hopefully this includes the Joss Whedon-scripted Cabin in the Woods and the Red Dawn remake, both of which were filmed over a year ago. Hit the jump to read the full press release.

mgm-logoHere’s the full press release:

MGM PARTNERS WITH SONY PICTURES ENTERTAINMENT

IN WORLDWIDE THEATRICAL DISTRIBUTION

AND CO-FINANCING PACT

Culver City, April 13, 2011 – Sony Pictures Entertainment will remain in the James Bond business after reaching an agreement with MGM to co-finance and theatrically market and distribute Bond 23 worldwide, it was announced today by MGM Co-Chairmen and Chief Executive Officers Gary Barber and Roger Birnbaum and Sony Pictures Chairman and CEO Michael Lynton and Co-Chairman Amy Pascal.  Sony will release the next film in this iconic franchise on November 9, 2012 throughout the world except for select International territories, where MGM will directly oversee distribution.

Sony Pictures and MGM look forward to Sony Pictures co-financing and distributing Bond 24 on a similar basis.

Additionally, MGM and Sony Pictures have agreed to explore co-financing opportunities on future motion pictures produced by each of the respective studios for the next five years.

The two studios have collaborated directly and indirectly in recent years on numerous films, including Casino Royale, Quantum of Solace, 21, Yours, Mine and Ours, The Pink Panther, and the forthcoming Kevin James comedy Zookeeper.

The announcement of the agreement to distribute Bond 23 adds another high-profile title to Sony’s 2012 slate, which also includes Men in Black 3 and The Amazing Spider-Man, as well as I Hate You, Dad, starring Adam Sandler, Here Comes the Boom, starring Kevin James, 21 Jump Street, Resident Evil 5 and Total Recall.

“Sony Pictures is the ideal studio partner for us as MGM re-enters the filmmaking business. We have longstanding relationships with Michael and Amy and look forward to what promises to be a prosperous future together,” said Barber and Birnbaum.

“In addition to working together on Bond, this deal expands our relationship with MGM as we explore co-financing opportunities on other high-profile projects,” Lynton said. “Gary and Roger are incredibly thoughtful and experienced leaders who are outstanding creative executives and respected moviemakers. While we are excited to be back in the Bond business, we also look forward to future collaborations and I am confident that this agreement will be long-term, lucrative, and beneficial to both studios.”

“After successfully working on the re-launch of the James Bond franchise with Casino Royale and Quantum of Solace, we could not be more proud or privileged to continue our association with Barbara Broccoli, Michael G. Wilson, Daniel Craig, and the talented teams at EON and MGM,” said Pascal.

When Sony released Casino Royale and Quantum of Solace, the films had record-high grosses for the Bond franchise, with Casino Royale taking in $599 million in worldwide ticket sales and Quantum of Solace generating $577 million.




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  • The One True b!X

    Gah. Who will be the first to get MGM or Sony to answer the Cabin question with regards to this deal?

  • colin

    theres no way the next bond could be worse than Quantum of Solace right? or have a more pretentious title right?

    i love James Bond movies, but really would like to see a return to form instead of this shitty, i mean “gritty” reboot series. It’s like, let’s set Star Wars on earth and also… no lightsabers. The franchise already NEEDS a new reboot after this last one.

    Goldeneye was the right bond movie at the right time, so here’s to hoping that they can recapture that magic and give us a bond that’s true to the franchise.

    • Jesse

      Youre right man. The reason the most recent Batman and Bond series have grossed over $3 billion worldwide is because they’re the wrong tone for our time. Gritty obviously is not what modern audiences are looking for. Let’s cast Adam Sandler as Bond and get some fart jokes injected into the series.

      Quantum of Solace is a title taken from one of Fleming’s own short stories (you may recall, he had something to do with the creation of the character). And the most recent series is the closest to the source material of any of the franchise.

      You’re right that Goldeneye was the right movie at the right time and likewise, the current series is striking the right chord. Oh and just because you don’t know what the title means, that doesn’t make it pretentious.

      • colin

        if you’re implying that we live in a shitty time and therefore deserve shitty bond movies then i dont even know what to say to that. that’s a check mate sir.

        i do now recall hearing that ‘quantum of solace’ was taken from something by fleming. doesn’t really change my opinion of it, but touche. did you honestly like the film though? Quantum of Solace made bank, that’s true, but everyone seems to agree it was a piece of shit, even compared to its somewhat controversial predecessor (the one where blonde bond drove a ford focus). So what’s your argument about money got to do with anything?

        i’m curious which aspect of my attack you’re mostly defending against, because it seems that we are two james bond fans. Do you really think that this series is going in a good direction?

  • abandofoutsiders

    is Roger Deakins confirmed to be the DP? oh man, Mendes as the director, John Logan co-writing. and Daniel Craig starring. this is again going to be special! it has chances to top Casino Royale

  • rxn

    I’m excited for this. Here’s to hoping they get back to what made Casino Royale such an excellent movie. Can’t wait!

  • Christine James

    I hope that they set this film in the U.S. and that they include several famous American actors. They have excluded the U.S. from the film series since Licence To Kill (1989) and the sequence in Casino Royale (2006) at Miami International Airport was not even filmed in the U.S. It would be incredible to see Daniel Craig as James Bond in New York, Los Angeles, Chicago and Las Vegas settings.

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