Amazon MGM Studios, Michael G. Wilson, and Barbara Broccoli have have formed a new joint venture to house the James Bond intellectual property rights. The three parties will remain co-owners of the franchise.

Barbara Broccoli and Michael G. Wilson have signed creative control over the James Bond franchise to Amazon MGM Studios.

Amazon reached a deal with the Broccoli family, the James Bond franchise’s longstanding producers, to form a new joint venture.

In news that will surely send shock waves through the industry, Michael G. Wilson and Barbara Broccoli are longtime producers of the James Bond franchise are stepping back in the creative process and handing over control to Amazon MGM Studios.

Amazon MGM is taking creative control of the James Bond franchise, marking a shift after decades of family control.

Amazon MGM Studios will take creative control of the James Bond franchise following a landmark joint venture agreement with longtime producers Michael Wilson and Barbara Broccoli, the parties announced Thursday.

After 61 years of iron-fisted creative control over cinema's most iconic spy franchise, the Broccoli family is stepping back from James Bond, handing the creative reins to Amazon MGM Studios while maintaining co-ownership through a newly formed joint venture.

Amazon MGM Studios, Michael G. Wilson and Barbara Broccoli have formed a new joint venture to house the James Bond IP rights, under which Wilson and Broccoli will cede creative control of the franchise to Amazon.

Amazon is set to take creative control over the iconic James Bond film franchise, marking a significant shift in the cinematic universe. The James Bond films, long produced by Michael Wilson and Barbara Broccoli,

News that Amazon MGM took creative control of James Bond from Matthew Wilson and Barbara Broccoli has been met with undue outrage.

Barbara Broccoli and Michael G. Wilson have signed creative control over the James Bond franchise to Amazon MGM Studios.

New York native Albert R. “Cubby” Broccoli, who died in 1996, was an original producer of the Bond films alongside Canadian producer Harry Saltzman, who died in 1994. The first movie in the spy thriller series was “ Dr. No ” in 1962, starring Sean Connery.