Barbara Broccoli and Michael G. Wilson will remain co-owners of the franchise as well as retain intellectual property rights

Amazon MGM Studios is set to take creative control of the James Bond franchise. The shock announcement — which is sure to shake and, indeed, stir the industry — was made Thursday, alongside the news that long-time producers and custodians of 007,

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.