Details of the long awaited 21st James Bond film have been revealed by studio bosses, although who will play the super-spy is still up in the air.
The flick will be based on Casino Royale, the first Bond book, which was filmed as a spoof in 1967.
Martin Campbell, who directed Bond film Goldeneye, will be in charge.
Among the favourites to replace Pierce Brosnan in the lead role are Dougray Scott, Oscar nominee Clive Owen and X-Men star Hugh Jackman.
Pierce Brosnan has played Bond four times
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Casino Royale was also adapted for television in 1954 with actor Barry Nelson as an Americanised "Jimmy" Bond.
MGM Vice Chairman Chris McGurk said: "Goldeneye was a wonderful movie and helped reinvigorate the Bond franchise. We're thrilled to have Martin back to direct the newest Bond."
Producers Barbara Broccoli and Michael G Wilson expect the film to be released in 2006.