It's taking around $1 billion to have James Bond stewards Barbara Broccoli and Michael G. Wilson cede oversight to Amazon MGM Studios, sources say.

Amazon's MGM Studios will take creative control of the "James Bond" film franchise under a new joint venture with longtime rights holders Michael Wilson and Barbara Broccoli, the technology giant said on Thursday.

According to Variety, Broccoli and Wilson have formed a joint venture with MGM to house the James Bond intellectual property rights. Though they remain co-owners of the franchise, they have ceded creative control to the studio.

One of the rumors that’s consistently floated around in the world of 007 is the possibility of somehow “remaking” the pictures based on Ian Fleming’s original books. Most notably, a lot of people want to see the Cold War period of tomes like From Russia with Love being reskinned with a more accurate representation of their literary origin.

For over six decades, the Broccoli family has been as much a part of the James Bond film franchise as vodka martinis (shaken, not stirred, of course), beautiful women and henchmen with terrible aim.

The James Bond franchise is at a turning point following its acquisition by tech giant Amazon and after long-time casting director Debbie McWilliams announced her departure after more than 40 years in the role.

A new Bond actor? A confirmed release date? Sadly, the latest news from the Bond franchise does not make things any clearer. Amazon made a massive move by purchasing the 007 rights for a hefty price,