Amazon MGM Studios forms joint venture for James Bond franchise rights

Published 20/02/2025, 17:08
© Reuters.

Investing.com -- Today, Amazon (NASDAQ:AMZN) MGM Studios, Michael G. Wilson, and Barbara Broccoli announced the formation of a new joint venture. This partnership will manage the intellectual property rights of the James Bond franchise, with all parties remaining co-owners. As part of the agreement, Amazon MGM Studios will gain creative control over the franchise once the transaction is completed.

Mike Hopkins, head of Prime Video and Amazon MGM Studios, expressed gratitude to the late Albert R. Broccoli and Harry Saltzman for bringing James Bond to global cinemas. He also acknowledged Wilson and Broccoli for their dedication in preserving the franchise’s legacy. Hopkins expressed Amazon MGM Studios’ honor in continuing this legacy and anticipation for the next phase of the legendary 007 series.

Wilson, whose career in the 007 franchise spans nearly 60 years, announced his retirement from producing the James Bond films. He expressed his confidence in Amazon MGM Studios leading the franchise into the future. Broccoli, who has dedicated her life to maintaining and expanding the legacy handed down by her father, producer Cubby Broccoli, also plans to focus on other projects.

Amazon acquired MGM in 2022, gaining a vast catalog of over 4,000 films and 17,000 TV shows. Since the acquisition, Amazon has held the distribution rights for all James Bond films. This new transaction will give Amazon MGM Studios creative control over future productions.

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