`Quantum of Solace` budget pegged at a whopping $230 million

According to a report in today's edition of Variety, "MGM relied on its shareholders to finance half the budget of the $230 million Bond film Quantum of Solace".

It is not clear if that figure reflects the negative cost, or also includes marketing budgets.

If accurate, the number will dwarf all previous James Bond outings. The last film, "Casino Royale", was estimated to have a budget of around $140 million.

As well as the latest 007 epic, MGM is spending $60 million on "Pink Panther 2," but it will need considerably more funding to pay for the kind of slate Mary Parent (new chair of its Worldwide Motion Picture Group) has been brought on to generate.

The studio is exploring the possibility of reviving a campaign to find coin for the MGM Film Franchise Fund, an effort it pulled back on last year when the market went soft.

Thanks to `Jack Wade` for the alert.

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