EXCLUSIVE: Barbara Broccoli began making the calls Thursday, London time, to her most frequent and trusted collaborators to tell them news would soon ricochet around the world like a bullet fired from a Walther PPK,

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.

Amazon will now control who will play 007, who will write the next script, and when the film goes into production—three critical pieces that had been held up by a yearslong stalemate.