The Globe and Mail reports in its Friday edition that Amazon MGM has taken the creative reins of the 007 franchise after decades of family control. An Associated Press dispatch to The Globe says longtime Bond custodians Michael Wilson and Barbara Broccoli said they would be stepping back. Amazon MGM Studios, Mr. Wilson and Ms. Broccoli formed a new joint venture in which they will co-own James Bond intellectual property rights, but Amazon MGM will have creative control. Financial terms were not disclosed. Mr. Wilson had been involved with the franchise for 60 years. Amazon bought MGM Studios in 2022 for $6.1-billion (U.S.), a purchase that was significantly motivated by the acquisition of one of the movies' most beloved and long-running franchises. Since the Daniel Craig era of 007 concluded with 2021's No Time to Die, Ms. Broccoli and Mr. Wilson have clashed with Amazon MGM over the direction of Bond. The announcement means that for the first time in the more than half a century of Bond, a Broccoli will not be green-lighting the next 007 film, or picking who gets the tux. Bond had been a family business since Albert (Cubby) Broccoli secured the rights to adaptations of Ian Fleming's novels beginning with 1962's Dr. No.