Broccoli is keen to return the spy franchise to the more serious, plot-driven films her father, original Bond producer CUBBY BROCCOLI, pioneered.
However, MGM is determined to generate as much money as possible by sticking to the movies' well-established formula of gadgets, breath-taking stunts and big-budget special effects.
And the resulting stalemate has already delayed the 21st Bond film - which was originally due for release in November this year (05).
A Hollywood insider says, "It does not bode well. There is a lot of ego, money and belief at stake - no one is backing down.
"The Broccoli camp believe they are the keepers of an untouchable tradition, and the money men want their megabucks."
The movie - now slated for release in early 2006 - is still without a script, director or star after Pierce Brosnan was axed from the role.