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.