The news that the 23rd Movie in the Bond franchise is cancelled indefinitely is really bad news for the british film industry. MGM,s future is in great doubt because it owes billions and has no immediate buyer. The business investors that speculated on MGM burnt their fingers in the recession and asset stripped MGM is a shell of what it was.
The Bond franchise is one that has sustained the British film business for 50 years ensuring continuing business to studios and a plethora of british companies. The downstream employment is massive with big productions like this. And there will be concerns about the knock on effect for british productions.
Bond is inextricably part of the british way of life ..so I for one hope the MGM problems can be quickly resolved
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