The $ 3.7 billion debt ridden movie studio Metro-Goldwyn-Mayer (MGM) has announced this. An insider, close to the film, said, “The production crew members have been informed that the Bond film has been canned. Naturally bad feelings are there as huge amount of money and lots of hard work have already been invested into this project".
Sam Mendes was roped to direct the film; Neal Purvis and Robert Wade wrote the screenplay. The duo had earlier penned the script for Quantum of Solace and Casino Royale.
In a statement, production company EON said, “We have no idea about the next development and are unable to comment further at this stage".