Universal Pictures will distribute the 25th ‘James Bond’ installment, which will once again star Daniel Craig. This will be Daniel Craig’s fifth time playing 007, the film will be directed by Academy Award winner Danny Boyle, working from an original screenplay by Academy Award nominee John Hodge. MGM is expected to release the film domestically and Universal will handle the international distribution.

Universal Pictures hasn’t released a full cast-list for the new film yet, but the untitled project is scheduled to go into production in December. MGM confirmed that it will partner with Universal Pictures to release the film worldwide in an Instagram post earlier today.

The move will be a big loss for Sony Pictures, a studio that has been banking off the success of James Bond for a long time now. The last film in the franchise, “Spectre,” had a $70M opening back in 2015 and the film grossed over $200M domestically with a worldwide gross of over $880M. The Bond film “Skyfall,” also through Sony Pictures, made over $304M domestically and over $1.1B worldwide. “Skyfall” was the most successful Bond movie to date, the franchise itself has made over $5B at the worldwide box-office.

With 24 films in its history, the franchise has come a long way since Sean Connery introduced the role back in 1962 in “Dr. No”. Over the years several actors have taken on the role of the famous spy including Sean Connery, David Niven, George Lazenby, Roger Moore, Timothy Dalton, Pierce Brosnan and Daniel Craig.

Fans of the franchise will have to wait a few weeks to get a title and cast-list for the new production, but Universal does have a release window timed for the film. The next James Bond film will first debut in the U.K., then release domestically in November. Right now Ben Whishaw, Naomie Harris, and Rory Kinnear are rumored to be returning to the franchise alongside Craig.