End of era as family behind James Bond films steps down
Amazon MGM have taken over creative control of the James Bond film series. Photo: AP
The long-time custodians of the successful James Bond franchise have announced a major shake-up that has stirred the film industry.
Michael G Wilson and his step-sister Barbara Broccoli said they would hand over the creative reins of the 007 franchise after decades of family control.
They have formed a joint venture with Amazon MGM Studios in which they will co-own James Bond intellectual property rights — but Amazon MGM will have creative control.
“With my 007 career spanning nearly 60 incredible years, I am stepping back from producing the James Bond films to focus on art and charitable projects,” Wilson said.
“Therefore, Barbara and I agree, it is time for our trusted partner, Amazon MGM Studios, to lead James Bond into the future.”
The James Bond franchise includes 25 films and began with Dr No in 1962.
It is considered one of the most successful film franchises in history, grossing more than $US7 billion ($11 billion) at the box office.
Since the Daniel Craig era of 007 concluded with 2021’s No Time to Die, Broccoli and Wilson have reportedly clashed with Amazon MGM over the direction of Bond.
The announcement on Friday (AEDT) means that for the first time in the decades-long history of Bond, a Broccoli won’t be green-lighting a new James Bond film.
Amazon MGM also anticipates expanding the franchise beyond movies.
“We are grateful to the late Albert R Broccoli and Harry Saltzman for bringing James Bond to movie theatres around the world, and to Michael G Wilson and Barbara Broccoli for their unyielding dedication and their role in continuing the legacy of the franchise that is cherished by legions of fans worldwide,” said Mike Hopkins, head of Prime Video and Amazon MGM Studios.
“We are honoured to continue this treasured heritage, and look forward to ushering in the next phase of the legendary 007 for audiences around the world.”
Amazon bought MGM Studios in 2022 for $US6.5 billion ($10.2 billion), a purchase that was significantly motivated by the acquisition of one of the movies’ most beloved and long-running franchises.
Financial terms weren’t disclosed. The deal is expected to close sometime this year.
-with AAP
