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DISTRIBUTION UK

Sony back in Bond business

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Sony Pictures Entertainment has reached an agreement with MGM to co-finance and theatrically market and distribute the next film in the iconic James Bond franchise that has a working title of Bond 23.

Sony will release the film on November 9, 2012 throughout the world except for a few international territories, where MGM will directly oversee distribution. Sony and MGM will co-finance and distribute Bond 24 on a similar basis and have also agreed to explore co-financing deals on future films for the next five years.

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Sony Chairman and CEO Michael Lynton said, “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. 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.”

When Sony released Casino Royale [+see also:
trailer
film profile
]
and Quantum of Solace [+see also:
trailer
making of
film profile
]
, the films had record-high grosses for the Bond franchise, with the former taking in $599 million in worldwide ticket sales and the latter generating $577 million.

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