Earlier this morning Eon Productions, MGM and Sony Pictures officially announced that the title of the 23rd James Bond film to be directed by Sam Mendes will indeed be called Skyfall. During the press conference several other details were revealed. Producer Michael G Wilson also confirmed the film's budget saying, "We’re in the same budget range as the last film. We haven’t had to change anything in the script. In fact, we keep adding things – everything is going to be just as it was.” This Means they are also looking at a budget of around $230 million bucks.

The story for Skyfall focuses Bond's loyalty to M, which is tested as her past comes back to haunt her. As MI6 comes under attack, 007 must track down and destroy the threat, no matter how personal the cost.

We've also heard rumors in the past that Mendes would be making a Bond film with less action.