Amazon Buys 007 & British Family Businesses [Episode 182]

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"Amazon MGM Studios, Michael G. Wilson and Barbara Broccoli today announced that they have formed a new joint venture to house the James Bond intellectual property rights, and those parties will remain co-owners of the franchise. Under the terms of the new venture, Amazon MGM Studios will gain creative control of the James Bond franchise following closing of the transaction.” - 20/02/2025

This news has gained sufficient traction that even my wonderful vicar asked me about in on Sunday, before the service. Of course, the Broccoli family is American, although based in the UK. But, seeing creative control of a very British film icon passing from a family firm to a US corporation has raised many questions for many people. I give my take, which is that this is not the first turning point for 007, and that a third-generation business would be very unusual, both in movie making and in the UK generally.

Naturally, I can't resist looking at the counter examples! According to the Campden Family Business news website, the oldest twenty family firms in the UK have collectively traded for 7013 years, and traded on average for 350 years each. I take a quick look into these, along with a couple of famous UK artisans, who each came from a family of famous creators, but who did not leave a business to be handed down to grandchildren, either.

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