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On the eve of Oscars honor, James Bond producers reflect on legacy and future of 007

ABC News
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Barbara Broccoli , 64 , and Michael G. Wilson , 82 , are the 40th recipients of the Irving G. Thalberg Memorial Award .

Since its inception in 1937 , the award has only been given 39 times, celebrating creative producers for a lifetime of quality films.

Despite all odds, the major creative decisions, including who gets to be Bond , have stayed in the family.

The latest rumor is Aaron Taylor-Johnson , but Broccoli and Wilson are staying tight-lipped on when an announcement might come.

"It’s a big decision,” she said. “Every time we cast a new actor, the films change. It's the excitement of a new Bond , a new direction”.