The production of the next James Bond film has been suspended "indefinitely" because of uncertainty over the future of film company MGM, producers say.

Producers Michael Wilson and Barbara Broccoli said they did not know when work on the 23rd Bond film would resume and there was no date for its release.

The latest Bond, due to star Daniel Craig as 007 for the third time, had been due out in 2011 or 2012.

James Bond is the longest running franchise in film history.

Source: Press Release