New James Bond film is scrapped

London(ANI): The new James Bond film has been axed due to a cash crisis, according to sources. The 132-million-pound blockbuster, starring Daniel Craig, had been previously postponed amid "financial problems" at debt-ridden movie studio Metro-Goldwyn-Mayer, which co-funded the film.

But now it has been confirmed that the movie has been scrapped. "Members of the production crew have been told the Bond film has been canned," the Mirror quoted an insider as saying.

"There is a lot of bad feeling as a lot of time, money and hard work has already gone into this," he added. Moreover, production company EON confirmed in a statement: "We do not know when development will resume and cannot comment further at this stage."

However, Mark Adams of Screen International offered some cheer to fans, and said: "The last two films did phenomenally well and the series is a very reliable performer. EON will want to keep it in the family, it's an iconic brand. This doesn't mean the end of the Bond films. The question is how long it will take to make another one."