Barbara Broccoli made calls to her collaborators to tell them she and Michael G. Wilson were making a deal to relinquish James Bond creative rights.

The studio will take the reins for the 60-year-old movie property, while Michael G. Wilson and Barbara Broccoli will remain co-owners as they move to the sidelines as part of a joint venture transaction.

Wilson's choice to cede the rights of the James Bond franchise to Amazon. Craig - who wrapped up his stint as 007 back in 2021's "No Time to Die" - released a statement to TheWrap congratulating the two on their work with the franchise and wished them luck in their next move.