James Bond to return in 2012!

From THR – After being held hostage by the financial troubles of MGM (the studio that owns the rights) for far too long, the legendary spy’s return to big screen is tentatively slated for 2012.

With bankruptcy declared and new co-CEOs in place, MGM has decided to give up 50 percent ownership in “Bond 23” to a partner, who will pay all of the production costs in return. This is a one time only deal, to get the ball rolling – for all Bonds hereafter (and MGM plans to release a new Bond movie every two years), MGM will fully finance and retain full ownership. But even at 50% ownership, MGM will undoubtedly see a large cash influx from the new Bond movie – which is exactly what they need.

No word yet on if Sam Mendez (American Beauty, Away We Go), the director who was attached to the project back in January, will be available to helm the long awaited feature, but yes, Daniel Craig will be donning the tux once again.