In a joint statement, producers Michael G Wilson and Barbara Broccoli put a halt to speculation of when a 23rd installment of the Bond series will hit theaters.
"Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on Bond 23 indefinitely. We do not know when development will resume and do not have a date for the release of Bond 23," said the pair.
The announcement comes at a time when the franchise is as strong as ever. 2008's Quantum of Solace snagged more than $570 million worldwide.
While moviegoers were initially hesitant to the idea of Daniel Craig taking over the Bond role, the actor has shown that a darker interpretation of the classic 007 character can still bring in the masses.