007 remains spy who loved Sony in deal with MGM

LOS ANGELES – James Bond is staying put with the studio that distributed his last two big-screen adventures.

Sony Pictures has signed a deal with MGM to co-finance and distribute the 23rd film in the super-spy franchise, due in theaters Nov. 9, 2012. Daniel Craig will be back for the third time as British agent Bond.

In an announcement Wednesday, the studios said they hope to partner up for a 24th Bond film, as well.

Sony Corp. had been a part owner of MGM and distributed Craig's earlier Bond flicks, "Casino Royale" and "Quantum of Solace." But the Bond franchise had been on hold until MGM worked out financial problems and emerged from bankruptcy under new ownership.

Sony will handle worldwide distribution for Bond, except for some overseas markets MGM will oversee directly.