MGM may have filed for bankruptcy earlier this week, but the 23rd James Bond movie will receive the financial support it needs. The studio announced that they’ve picked up a partner to foot the bill on Bond.

Daniel Craig, the current Bond, recently released a statement urging MGM to get their movie projects together, so he should be thrilled with this news.

Meanwhile, MGM is still shopping for a partner to pick up the bill on The Hobbit, which comes with a $265 million price tag.

Production for the next 007 film will start soon in order to get it ready for its November 2012 release date.