Daniel Craig will be back in the role of agent 007 in the next James Bond movie, MGM and EON Productions have announced. The new Bond film, set to be released on November 9, 2012, will be the pinnacle event of the 50th anniversary celebrations of the film franchise.

The 23rd James Bond was put on hold back in April 2010 when MGM Studios were facing financial difficulties, filing for bankruptcy a few months later.

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However, although things were looking bleak for the future of the film, Craig said that he was confident that the film producers Michael Wilson and Barbara Broccoli would find a way of resurrecting the projectt.

He said: “I have every confidence in Barbara and Michael’s decision and look forward to production resuming as quickly as possible.”

Craig’s Bond debut in Casino Royale, in which he changed the image of the agent from a smooth gentlemen to a tough action hero, became a worldwide box office smash hit raking in £385m – the most successful instalment in the 48-year history of the franchise.

The first James Bond film saw Sean Connery in the lead role of Dr No, released in 1963.

Since then Bond fans have seen five other actors taking on the role as agent 007 including George Lazenby, Roger Moore, Timothy Dalton, Pierce Brosnan and Daniel Craig.