Amazon now has creative control over the James Bond franchise, the company announced Thursday, following reported tensions between the company and the series’ longtime producers, who disagreed with Amazon’s plans for the franchise.

Michael G. Wilson and Barbara Broccoli will remain co-owners in a new joint venture with Amazon MGM that hands over the creative reins and control of all future production to the Jeff Bezos-founded company.

Amazon MGM Studios announced on Thursday, Feb. 20 that it is taking creative control over the James Bond franchise from longtime producers Barbara Broccoli and Michael G. Wilson; the series last released a movie with 2021's No Time to Die,