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International Business Times
International Business Times
Business

Bond Franchise Shifts To Amazon As Broccoli Family Steps Back

Amazon's gaining of control over the James Bond franchise is sure to leave the film industry shaken and stirred (Credit: AFP)

Amazon MGM Studios will take creative control of the James Bond franchise following a landmark joint venture agreement with longtime producers Michael Wilson and Barbara Broccoli, the parties announced Thursday.

The deal is a major shift in the governance of one of cinema's most valuable properties, though Wilson and Broccoli's company will remain co-owners of the franchise through the new venture, a statement said.

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