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James Bond Headed Back to Big Screen!

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Jan. 11 2011, Published 11:54 a.m. ET

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After financial problems threatened to cut a big screen icon's career short, James Bond has once again risen out of a sticky situation. The franchise will start on production of its 23rd film later this year, set to hit theaters on November 9, 2012. So who will be taking on the coveted role of the 007?

Daniel Craig will be the Bond moviegoers pay to see come Nov. 9 — the date marking the 50th anniversary of the lucrative franchise, producers Michael Wilson and Barbara Broccoli confirmed to E! News.

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OK! NEWS: DANIEL CRAIG & RACHEL WEISZ MORE THAN JUST FRIENDS?

Daniel first played Bond in 2006's Casino Royale, and its sequel, 2008's Quantum of Solace,

Sam Mendes is set to direct the film, which was put on hold while MGM dealt with financial issues, almost facing  bankruptcy,

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