Blofeld's look is more well-known than his character to some. The evil villain, stroking a white cat, rarely seen completely on camera. Austin Power's Dr. Evil parodied the character and even characters like Dr. Claw from Inspector Gadget were in homage to the him.
But for over fifty years, the character's ownership has been battled over between MGM (the studio that owns Bond) and Kevin McClory, co-writer of the 1965 movie Thunderball and creator of the character and the villainous group SPECTRE. Though Ian Fleming denied McClory credit in both the writing and creation initially, it created a legal dispute raging since 1959. This is what led to McClory's Never Say Never Again competing with Octopussy the same year in theaters.
With McClory's passing in 2006, the estate moved to an agreement with MGM, selling them the rights.
MGM and Danjaq have acquired all of the rights and interests in James Bond held by the estate of Kevin McClory, ending more than 50 years of litigation between the producers of the franchise and an author who penned Bond scripts with Ian Fleming. MGM, Danjaq and the estate of McClory issued a statement on Friday saying that they have brought to an “amicable conclusion the legal and business disputes that have arisen periodically for over 50 years.” Details of the settlement were not disclosed."
Will the villain return to the Bond franchise? All we know for sure is Skyfall director Sam Mendes is returning for the next Bond film. But, the possibility for MGM to recreate Blofeld in the future will always be there for them now, even if Mendes passes on using Blofeld and SPECTRE.