Next two Bond films receive financing agreement

Sony Pictures Entertainment announced via press release that they have reached an agreement with MGM to co-finance, market and distribute the next two Bond films.

“Sony Pictures is the ideal studio partner for us as MGM re-enters the filmmaking business,” MGM co-chairmen and CEOs Gary Barber and Roger Birnbaum said. “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,” Sony chairman and CEO Michael 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,” co-chairman Amy Pascal said.

The next Bond film, Bond 23, is currently slated for a November 9th, 2012 release.

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