Movies
The star will apparently get £5 million for the next film, then £8 million for a third - making him Britain's best paid actor.
The Daily Mail says Craig was given a raise from production firm Eon when Casino Royale became a box office hit and can now command even more.
Leon Forde, from movie publication Screen International, commented: "The fact is that he's become integral to the success of the Bond franchise and I'm not surprised that he's been given a new contract. Eon are obviously doing everything they can to keep him on board."
More: Movies
Movie Reviews
'Extremely Loud & Incredibly Close' reviewTom Hanks features in a long and winding journey through New York after 9/11
At the Movies
David Lynch: 10 reasons to worship himIt's time to celebrate director David Lynch as the BFI screens a season of his films.
Movies Interviews
Max von Sydow 'Extremely Loud' interviewActing legend Max von Sydow on Extremely Loud & Incredibly Close, The Exorcist and Flash Gordon.
Box Office Charts
'The Woman in Black' wins UK box officeThe Woman in Black beats The Muppets and Star Wars at the the UK box office.
