MGM has announced plans to launch a new Bond movie,the 23rd in the series. The film will be ready for theatrical release by November 2012. Daniel Craig will return as 007 with Sam Mendes set to direct and the screenplay written by Neal Purvis, Robert Wade and John Logan.

The film, long in the making, got stalled due to financial trouble at MGM, with bankruptcy issue and its eventual buy out by Spyglass Entertainment.

The film starts off from where Quantum Of Solace ends although no other details are available for the moment.

Mendes was brought on as a consultant for the movie but later on agreed to direct the same after all the trouble the movie faced. The further delay forced him to take over the direction of the Broadway musical Charlie and the Chocolate Factory. Craig went on to shoot for The Girl with the Dragon Tattoo.

Since Spyglasss has taken over the studio filmmaking, it is not clear who will distribute the movie. Deadline.com reports that Sony, which distributed Casino Royal, has a good chance , but Warner Bros, Fox and Paramount are also fighting for the rights.  The website, however, feels that Paramount may emerge as a winner because it has distributed Spyglass’s Startrek earlier.