India, Feb. 20 -- In a move that's sending shockwaves through the entertainment industry, the iconic James Bond film franchise is set to get a major overhaul. Amazon MGM Studios is set to take creative control of the 007 franchise with the longtime producers Michael G. Wilson and Barbara Broccoli stepping back. Also read: Daniel Craig doesn't 'care' who plays the next James Bond or remember how many times he played the character

According to Variety, the announcement was made on Thursday, highlighting that long-time producers and custodian of 007, Michael G. Wilson and Barbara Broccoli, would be stepping back.

As per details of the historic agreement, Amazon MGM Studios, Michael and Barbara have formed a new joint venture to house the J...