In a James Bond shakeup that stirred the movie trade, Amazon MGM introduced Thursday that the studio has taken the inventive reins of the 007 franchise after many years of household management. Longtime Bond custodians Michael G. Wilson and Barbara Broccoli mentioned they’d be stepping again.
Amazon MGM Studios, Wilson and Broccoli fashioned a brand new three way partnership through which they are going to co-own James Bond mental property rights — however Amazon MGM could have inventive management.
Monetary phrases weren’t disclosed. The deal is anticipated to shut someday this 12 months.
“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 mentioned in an announcement. “Therefore, Barbara and I agree, it is time for our trusted partner, Amazon MGM Studios, to lead James Bond into the future.”
Amazon purchased MGM Studios in 2022 for $6.1 billion, a purchase order that was considerably motivated by the acquisition of one of many films’ most beloved and long-running franchises. For the reason that Daniel Craig period of 007 concluded with 2021’s “No Time to Die,” Broccoli and Wilson have reportedly clashed with Amazon MGM over the course of Bond.
The announcement Thursday implies that for the primary time in additional than half a century of Bond, a Broccoli gained’t be greenlighting the subsequent 007 movie, or choosing who inherits his tux. Amazon MGM additionally anticipates increasing the franchise past films.
On this Oct. 28, 2015, file photograph, actor Daniel Craig poses for the media as he arrives for the German premiere of the James Bond film “Spectre” in Berlin.
Michael Sohn / AP
“We are grateful to the late Albert R. Broccoli and Harry Saltzman for bringing James Bond to movie theaters 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,” mentioned Mike Hopkins, head of Prime Video and Amazon MGM Studios. “We are honored to continue this treasured heritage, and look forward to ushering in the next phase of the legendary 007 for audiences around the world.”
Bond had been a household enterprise since Albert “Cubby” Broccoli secured the rights to diversifications of Ian Fleming’s novels and kicked off a run of 25 Bond movies produced by Eon Productions, starting with 1962’s “Dr. No.” These films have accrued $7.6 billion within the field workplace.
In 1995, the elder Broccoli handed over management of Eon to his daughter, Broccoli, and stepson, Wilson. Lately, the 64-year-old Broccoli has largely taken the lead as Wilson, 83, has aged into retirement.
“My life has been dedicated to maintaining and building upon the extraordinary legacy that was handed to Michael and me by our father, producer Cubby Broccoli,” Broccoli mentioned in an announcement. “I have had the honor of working closely with four of the tremendously talented actors who have played 007 and thousands of wonderful artists within the industry. With the conclusion of ‘No Time to Die’ and Michael retiring from the films, I feel it is time to focus on my other projects.”
Broccoli and Wilson’s earlier standoff with Amazon MGM had basically frozen improvement on the subsequent Bond film. No script, director or star has but been introduced for the subsequent installment, an unusually lengthy break for a franchise that has sometimes spaced movies two or three years aside. Broccoli additionally produced the 2022 movie “Till” and the musical “Buena Vista Social Club,” opening subsequent month on Broadway.
A key level for the producers within the Amazon acquisition of MGM was a dedication to theatrically launch James Bond movies. That Bond’s future is now within the fingers of an e-commerce big with one of many main streaming companies will instantly immediate doubts from some followers about Bond’s new company overloads. Different billion-dollar film franchises, such because the Disney-owned “Star Wars” and Marvel manufacturers, have struggled with over-saturation in recent times.
Even Joe Russo, co-director of 4 Marvel Cinematic Universe movies together with “Avengers: Endgame,” pleaded to Amazon MGM: “DON’T cinematic universe James Bond.”
“It is one of our last, great theatrical events,” Russo mentioned on X. “Don’t dilute that with a plethora of streaming spin-offs.”
In an interview final fall forward of receiving an honorary Oscar alongside her brother, Broccoli instructed The Related Press that, in an period of upheaval within the film trade, boldness was crucial.
“People are playing it very safe,” Broccoli mentioned. “I think in times of crisis like this, you’ve got to be brave.”
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