Amazon MGM Studios. State of play: Amazon announced today that it had formed a new joint venture that gives it creative control of the James Bond fran

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.

In a James Bond shakeup that stirred the film industry, Amazon MGM announced that the studio has taken the creative reins of the franchise after decades of family control.

Barbara Broccoli and Michael G. Wilson ceded their creative control of the franchise to Amazon MGM in a deal worth an additional $1 billion.

Longtime Bond custodians Michael G. Wilson and Barbara Broccoli said they would be stepping back. Amazon MGM Studios, Wilson and Broccoli formed a new joint venture in which they will co-own James Bond intellectual property rights — but Amazon MGM will have creative control.

For over six decades, the Broccoli family has been as much a part of the James Bond film franchise as vodka martinis (shaken, not stirred, of course), beautiful women and henchmen with terrible aim.

Uncertainty over the famed franchise has started to take on a new form thanks to Amazon-MGM’s James Bond deal seeing long-time stewards Barbara Broccoli and Michael G. Wilson handing over the keys to their family’s kingdom.

It's taking around $1 billion to have James Bond stewards Barbara Broccoli and Michael G. Wilson cede oversight to Amazon MGM Studios, sources say.

In a huge shakeup for the James Bond series, Amazon will take creative control as longtime producers Michael G. Wilson and Barbara Broccoli step back.

A movie star from classic James Bond films warned that the series' acquisition by Amazon MGM may bring changes to the long-running franchise.

The James Bond franchise is now under Amazon's creative control, after it bought the studio MGM in 2022. Jeff Bezos is already weighing in.