MGM may still merge with Lions Gate, according to an article published by Reuters. MGM is currently in bankruptcy proceedings, which it is expected to emerge from before the year end. While the studio has announced that it plans to release Bond 23 in November 2012 and then produce a new James Bond film every two years, it remains to be seen the structure of the post-bankruptcy studio. The article says:
Lions Gate Entertainment Inc plans to meet with Metro-Goldwyn-Mayer in the next few days to present a proposal to combine the two studios once MGM, emerges from bankruptcy, two sources familiar with the matter said on Monday.