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.

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,

Seeing the James Bond franchise owned by any major corporation is a downer. It felt special to see something as big as 007 still having this small, independent feel because it was family-owned. However,

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.

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.

Amazon MGM Studios, the tech giant's film unit, plans to take "creative control" of the James Bond series under a new deal with the franchise's longtime producers, Michael G. Wilson and Barbara Broccoli.

In a James Bond shakeup that stirred the film industry, MGM Amazon announced that the studio has taken the creative reins of the 007 franchise after decades of family control.