Rami Malek confirmed to play baddie in Daniel Craig-starrer Bond 25

Oscar winner Rami Malek will play the villain in Bond 25, which will be Daniel Craig's fifth outing as the famed fictional British spy, the producers announced Thursday via a live streaming event from creator Ian Fleming's home in Jamaica.

It is expected to be Craig's last appearance as Bond, a role he has previously played in "Casino Royale", "Quantum of Solace", "Skyfall" and "Spectre".

The actor said his favourite part about Bond films was that they were like a big event when they came out in theatres.

"The movies have been an event at least for me. I remember going to watch them as a kid... the new Bond coming out was just extremely exciting. During my tenure, we have just tried to continue that tradition of making movies that stand out, are different from other movies out there," he said.

The yet-untitled film will be directed by Cary Joji Fukunaga, who called Craig his favourite Bond. Fukunaga said he wanted to ensure that the film is "a great next chapter" in the Bond series so that whoever comes next "has a harder job".

Besides Craig, who plays the role for a fifth time,
Broccoli said, "Bond is not on active service, he's enjoying himself in Jamaica. He starts his journey here."