New Delhi, Feb. 20 -- In a James Bond shakeup, Amazon MGM announced on Thursday that the studio has taken the creative reins of the 007 franchise. Long-time producers Barbara Broccoli and Michael G. Wilson have announced their decision to step back, allowing Amazon to assume oversight of the beloved 007 series.

Amazon bought MGM Studios in 2022 for $6.5 billion. The purchase included a vast catalog with more than 4,000 films and 17,000 TV shows.

According to reports, since the Daniel Craig era of 007 concluded with 2021's "No Time to Die," Barbara Broccoli and Michael Wilson have reportedly clashed with Amazon MGM over the direction of Bond.

"No Time to Die" - the 25th James Bond film and Daniel Craig's fifth and final turn as 007 - wa...