Michael G. Wilson and Barbara Broccoli will remain co-owners in a new joint venture with Amazon MGM that hands over the creative reins and control of all future production to the Jeff Bezos-founded company.

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.

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