A joint statement said the two firms also “look forward to Sony Pictures co-financing and distributing Bond 24 on a similar basis.”
Sony and MGM, which recently emerged from bankruptcy, have also agreed a 5-year co-finance deal for future movies “produced by each of the respective studios.”
The two studios have previously collaborated on Bond movies Casino Royale and Quantum of Solace as well as 21 and The Pink Panther.
The deals were announced yesterday by MGM Co-Chairmen and Chief Executive Officers Gary Barber and Roger Birnbaum and Sony Pictures Chairman and CEO Michael Lynton and Co-Chairman Amy Pascal.
“Sony Pictures is the ideal studio partner for us as MGM re-enters the filmmaking business. We have longstanding relationships with Michael and Amy and look forward to what promises to be a prosperous future together,” said Barber and Birnbaum.
“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,” Lynton said.
“Gary and Roger are incredibly thoughtful and experienced leaders who are outstanding creative executives and respected moviemakers. 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.”
Pascal added that Sony “could not be more proud or privileged to continue our association with Barbara Broccoli, Michael G. Wilson, Daniel Craig, and the talented teams at EON and MGM.”
The untitled Bond 23 will released on November 9, 2012 throughout the world