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JAMES BOND IS BACK ON TRACK

The next James Bond movie is officially back in business - production on the stalled project is set to resume ready for a 2012 release

The 23rd 007 picture, starring Daniel Craig, was put on hold indefinitely this year (10) as the Metro-Goldwyn-Mayer (MGM) film studio fell into financial difficulty.

The firm filed for bankruptcy this week (beg01Nov10) and announced plans for a massive restructuring of the company's finances.

The deal means film projects previously put on ice can now go ahead - and MGM executives have announced the Bond film is a high priority.

Daniel Craig's third outing as the superspy will be released in November 2012 and MGM bosses will then resume the franchise's tradition of releasing a Bond film every other year for the foreseeable future, according to the Hollywood Reporter.