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.

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.

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.