John Malkovich will star alongside Shia LaBeouf in Transformers 3 because of producers Lorenzo Di Bonaventura and Mark Vahradian — and the laughs.

“I’d seen the first ['Transformers'], which I liked and thought it was funny,” Malkovich says in an interview. “Lorenzo and Mark… approached me about it. I like working with them very much. They’re very good producers, they’re very hands-on, always around, really get their hands dirty — which is not so normal.”

“[Malkovich] is going to have a lot of interaction with Shia in that movie,” says Di Bonaventura. He and Vahradian have been working closely with the “Jonah Hex” actor on forthcoming action flick “Red” with Bruce Willis, which just wrapped shooting in New Orleans. “And he’s got a really fun character. And he’s going to bring a really interesting spin to that franchise, so it’s going to be great.”

Now that the “Transformers” films have proven to reap big box office benefits, Di Bonaventura isn’t worried about the budget or the timeline at which “Transformers 3″ is shot with director Michael Bay.

“[Producers] spend an inordinate amount of time explaining ourselves to people on every movie and all that,” but, “not with [Bay], y’know? Bay is such a general that it moves at his pace. The first movie, we had to explain a lot of why we wanted to spend this, what was going on…dah dah dah. They’re all running in a difficult time right now and they’re concerned about their careers and concerned about the results. I grew up in the Warner Brothers system and our philosophy was once we made our bet, we sort of stuck to it. Which meant it’s up to the filmmakers to deliver it.”

Malkovich will soon be seen in “Secretariat” and the aforementioned comic book movie “Jonah Hex” this year. He and his production company Mr. Mudd are also backing “Jeff Who Lives At Home,” a stoner comedy featuring Jason Segel and Ed Helms.

“It’s something that Jason Reitman developed. We did ‘Juno’ with him and he asked us to produce it,” Malkovich said of the film.

The world’s most evil villains can’t stop him, but James Bond is in big trouble for the most mundane of reasons – a lack of cash.

Development of the new James Bond film has been suspended indefinitely, the film’s producers confirmed yesterday, because of uncertainty over the future of the Metro-Goldwyn-Mayer studio. The new unnamed movie, which will be the 23rd in the series based on the Ian Fleming hero, had been due for release in 2011 or 2012, to coincide with the franchise’s 50th anniversary.

Daniel Craig was set to play 007, the spy with a licence to kill, for the third time, in the role first taken up by Sean Connery and subsequently by George Lazenby, Roger Moore, Timothy Dalton and Pierce Brosnan. But Michael Wilson and Barbara Broccoli, the producers of the Bond movies, said in a joint statement: “Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on Bond 23 indefinitely.”

Wilson and Broccoli said they do not know when development of the film will resume and when it will be released.

Craig, who is on location in Toronto, Canada, filming Dream House, with Rachel Weisz, said: “I have every confidence in Barbara and Michael’s decision and look forward to production resuming as quickly as possible.”

James Bond is easily MGM’s most profitable franchise. The 22 James Bond movies are third in the list of most successful film franchises, according to the website Box Office Mojo.

The last film in the series, 2008’s Quantum of Solace, made $586m (£381.6m) worldwide. The 2006 movie Casino Royale, which unveiled Craig as the new leaner, meaner Bond, took in $594m.

Sam Mendes, who directed American Beauty and Revolutionary Road, was expected to direct the next James Bond outing, working from a screenplay by The Queen’s Peter Morgan and regular Bond writers Neal Purvis and Robert Wade. But according to the US trade papers, Mendes had not signed on the dotted line, and his involvement must now be in doubt.

There is no doubt that – in an echo of the famous phrase which often closed out the credits on 007 films – Bond will return, but the question is who will be his paymaster. MGM is struggling with a $3.7bn debt, and has released just one film this year. Efforts to raise finance through a sale of the studio have so far proved fruitless, with rival firms so far making only tentative bids. Its lenders are pushing for “either a sale of the company or a restructuring with an infusion of capital to remain a stand-alone operation”, the Los Angeles Times reported.

Sony, which co-distributed the last two films, would appear to be an obvious candidate to buy MGM, but has not made a public bid. Those companies that have include Lionsgate and Time Warner, which put a $1.5bn offer on the table, but MGM is belived to be holding out for an offer of at least $2bn. It will be several weeks before its fate becomes clear.

These days every major tentpole project has 3D written all over it so we wouldn’t be surprised if Warner Bros decided to release Christopher Nolan’s third Batman film in the format.

According to an article on Cinematical, The Dark Knight director of photography Wally Pfister cleared the air regarding those rumors and spoke about possibly shooting the entire film using IMAX cameras.

The acclaimed cinematographer is well aware that 3D seems to be all the rage and studios are continuing to push it into theaters. Pfister admitted that both he and Nolan have spoken about the trend but they’re not sure if it’s the right fit for Batman. They want the next film to go in a new direction and not follow in the footsteps of what everybody else is doing.

“What Chris and I have talked about is doing something cool and something interesting,” Pfister said. “[Director] Brad Bird was [saying] ‘you’ve got to shoot the whole thing in IMAX!’ I was like, yeah, I’ve talked to Chris about that.”

The IMAX sequences in The Dark Knight were amazing, there’s no denying that but it was a lot of hard work just to get those few minutes done. The thought of doing an entire film in the format is something that Pfister describes as “cumbersome.”

We’re not sure if the next movie will be in 3D or if it will be shot completely in IMAX, but we do know it will be shot on film, no digital video here.

“…I know one thing about the film that Chris is adamant about is that he wants to shoot on film,” Pfister said. “He doesn’t want to shoot on video, and I’m the same way.”

If they’re both adamant about shooting on film we can nip the whole 3D theory in the bud. It seems like they’re not into gimmicks. They just want to tell a good story with no distractions, which is exactly what the 3D would be. Also, we’re hearing that a huge announcement regarding Batman 3 will be made by Warner Bros this July. It will probably happen at Comic-Con where it’s likely that they’ll unveil the title and the release date for the movie so stay tuned for that.

Avatar has become the fastest-selling home entertainment release of all time in North America, shifting 6.7 million DVDs and Blu-rays in four days.

James Cameron’s 3D sci-fi epic, released in the US on 22 April, sold 4 million DVDs and 2.7 million Blu-rays. The sales brought in $130m (£84.1m). The previous record holder in the US and Canada was The Dark Knight in 2008.

Avatar is being released in the UK on Monday. Some stores opened their doors to fans at midnight. Film studio 20th Century Fox said the movie was also the fastest-selling release on the Blu-ray format alone in North America. It was released on 22 April – “Earth Day” in the US and Canada as well as other countries – to chime with Avatar’s environmental theme, Fox said.

The science-fiction adventure, about a marine who infiltrates a race of giant blue aliens, is reportedly the most expensive film ever made, with a budget of at least $300m (£185m).

In January, it became the highest-grossing movie of all time, overtaking the $1.843bn (£1.19bn) taken by 1997’s Titanic – also directed by Cameron. The figures were not adjusted for inflation or the higher cost of Avatar’s 3D film tickets.

Last week, Cameron told the Los Angeles Times that Avatar, which mixes live action with digitally-created performances, would be re-released this summer with an extra six minutes of footage.

He also told the paper the sequel to the film would be centred around the ocean on the planet Pandora.

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