The Last movie, No Time To Die was released in 2021 after a year delay due to the COVID 19 cinema closures and it saw the end of the Broccoli era and the Daniel Craig series of movies.
Since then online retailer Amazon has bought MGM Studio who co-owned the rights to the series and have taken full controll of the movie rights.
Getting director Villeneuve in to direct and produce potentially means that Amazon are taking the series in much darker direction.
Its still early days yet and a script needs to be written, as well as a title announcement etc., and there has been no announcement yet of who will even play the title character after the departure of Craig in the last movie.
No idea of a release window as the director is in production of the third Dune movie Dune Messiah currently.
Via Variety