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As the Oscars approach, James Bond filmmakers discuss the legacy and future of the iconic 007 franchise.

The late Albert “Cuddy” Broccoli, renowned for producing the James Bond films, deemed receiving the Irving G. Thalberg Memorial Award as a significant milestone in his illustrious career. This non-competitive honorary Oscar was presented to him during the Academy Awards in 1982 by Roger Moore, while his family watched from the audience, including his emotional daughter, Barbara Broccoli, and son, Michael G. Wilson. Barbara later reflected on the award’s importance, stating it was one of her father’s most cherished belongings.

The award, bearing the likeness of the iconic early Hollywood producer, remained a fixture on Broccoli’s mantle for many years. Now, following in their father’s footsteps, Barbara, age 64, and Michael, age 82, are set to receive the honor themselves, becoming the 40th recipients of the award, which they will collect at the 15th Governors Awards in Hollywood.

“It’s a unique honor, making the recognition even more special,” Wilson said, echoing the significance of the accolade. Since its establishment in 1937, this award has only been given out 39 times, celebrating lifetime achievements of creative producers whose work has made indelible marks on the film industry. Previous winners include cinematic giants like David O. Selznick, Walt Disney, George Lucas, and Steven Spielberg, with Kathleen Kennedy being the only female recipient prior to the Broccoli-Wilson siblings.

Barbara expressed her humility upon receiving the award, acknowledging the legacy of those who have come before them, reflecting on the many individuals she felt were also deserving of such recognition. However, the Broccoli family holds a unique position as the longstanding stewards of the James Bond franchise, an iconic film series with a history spanning decades.

Since acquiring the rights to Ian Fleming’s novels in 1961, EON Productions has produced 25 Bond films, which have collectively grossed over $7.6 billion worldwide. Despite the evolving landscape of the film industry and changes in corporate ownership, the key creative decisions surrounding the franchise have remarkably remained within the Broccoli family.

For many years, EON shared profits with MGM, the studio responsible for financing and distributing the Bond films. However, the situation grew more complex in May 2021, just before the release of “No Time to Die,” when Amazon bought MGM for approximately $8.45 billion. Nevertheless, Barbara and Michael continue to hold 50% ownership of the Bond franchise and maintain creative oversight.

“There’s a tendency for people to play it safe. In times of crisis, being brave is essential,” Broccoli remarked, acknowledging the ongoing transformation within the film industry and their efforts to adapt to these changes.

Having grown up immersed in the Bond universe, Barbara was only an infant when the original deal was made. Her memories include being on film sets, with one of her first recollections being at age six while filming “You Only Live Twice” in Japan. Her father’s enthusiasm for the films inspired her to delve into the industry, and although she leveraged some familial connections, she was not afraid to tackle challenging tasks, recalling an instance where she cleaned toilets on an independent film set.

Michael joined the family by marrying Cubby in 1959, initially pursuing a law career instead of the entertainment field. However, after offering legal advice during a dispute, he found himself enthralled by the industry and decided to stay on.

Cubby passed the reins to Barbara and Michael in 1995, shortly before his death the following year. Wilson has since focused on the business side of operations, while Barbara has taken on a more creatively driven role, with their complementary skills enhancing their collaboration.

During their partnership, they transitioned from Pierce Brosnan’s portrayal of Bond to Daniel Craig’s take on the iconic character, firmly standing by their choice despite vocal backlash. They have also expanded their production portfolio with films outside of the Bond universe, including “Till.”

As anticipation builds for Bond No. 8, speculation surrounding the next actor to fill the role has intensified. Various names have been floated, such as Idris Elba and Aaron Taylor-Johnson, though Broccoli and Wilson are remaining tight-lipped about any timelines for announcements.

“It’s a significant decision,” she noted, hinting at the magnitude of the choice facing them. While some details have been teased—like the next Bond likely being male, in his thirties, and not necessarily white—the choice will come with the expectation of a long-term commitment spanning at least a decade of films.

Broccoli reflected on the shifting opinions that tend to accompany new castings, recalling the intense backlash against Craig when he was first announced. However, after the release of “Casino Royale,” sentiments swiftly changed as audiences embraced the fresh direction. The five films starring Craig have gone on to become the highest-grossing in the series’ history when not adjusted for inflation, marking a proud moment for Broccoli and her team.

“Each time a new actor takes on the role, it brings a fresh perspective to the films, and we eagerly anticipate those changes,” said Wilson, highlighting their outlook for the franchise’s evolution. The siblings are dedicated to maintaining the essence established by Cubby and the spirit of producing quality films with storytelling that resonates with audiences.

“He always described the movie-making process as the circus coming to town,” Broccoli shared. “You set up your tent, invite everyone in, and create pure magic. It’s about delighting the audience and ensuring they receive value for their investment.”

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