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Amazon MGM takes creative control of 007 franchise
The Street
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2/20/2025
Amazon MGM Studios is taking creative control of the James Bond franchise.
Category
🥇
Sports
Transcript
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00:00
The James Bond movie franchise was already in the hands of Amazon MGM Studios,
00:04
but now the iconic spy series will be totally under the studio's creative control
00:09
in what is being described by Hollywood insiders as a stunning shake-up.
00:14
Current co-owners of the franchise, Michael G. Wilson and Barbara Broccoli,
00:18
will retain intellectual property rights,
00:21
but the creative direction of the franchise will now fall entirely on the shoulders of Amazon MGM Studios.
00:29
Amazon, and its billionaire founder Jeff Bezos,
00:32
bought famed MGM Studios back in 2022 for $8.5 billion.
00:36
The deal gave Amazon the rights to distribute Bond films,
00:40
but creative control remained with siblings Wilson and Broccoli,
00:43
who inherited it from their father.
00:46
A statement from the head of Prime Video and Amazon MGM Studios
00:50
praised the two, quote,
00:51
for their unyielding dedication and their role in continuing the legacy of the franchise
00:57
that is cherished by legions of fans worldwide.
01:00
We are honored to continue this treasured heritage
01:03
and look forward to ushering in the next phase of the legendary 007.
01:08
Bezos immediately asked his nearly 7 million ex-followers, quote,
01:13
who would you pick as the next Bond?
01:15
That is the biggest question facing the future of the franchise.
01:18
Daniel Craig stepped back from the role in 2021,
01:21
and a new actor has yet to be named.
01:24
James Bond has been a movie favorite for over 60 years,
01:28
raking in more than $7 billion at the global box office.
01:33
Turning to financial markets, stocks were down on Thursday.
01:37
Defense stocks like Palantir were slammed
01:39
on fears a proposed cutback in U.S. defense spending will hurt business.
01:43
Meanwhile, gold prices touched a record high
01:46
within shooting distance of $3,000 an ounce.
01:50
That'll do it for your daily briefing from the New York Stock Exchange.
01:53
I'm Conway Gittins with The Street.
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