Danjaq S.A. was founded by Albert R. Broccoli and Harry Saltzman after the release of the first James Bond film Dr. No, in 1962, to ensure all future films in the series.
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John Cork claims that in exchange for the sale, MGM/UA received an exclusive distribution deal with Danjaq that is far more lucrative than when the shares were originally owned by Broccoli and Saltzman.
Danjaq |
Eon, a closely held (private and family) corporation, was started by film producers Albert R. "Cubby" Broccoli and Harry Saltzman in 1961, at the same time they partnered and sought financing for Dr. No the year before they formed Danjaq, which for legal reasons became Eon's holding company from which it licenses the copyright protections allowing Eon to produce the Bond films.
A parent company does not have to be the larger or "more powerful" entity; it is possible for the parent company to be smaller than a subsidiary, such as for example DanJaq LLC., a closely held family company which spawned and control Eon Productions, the large corporation which produces the James Bond franchise.