Project Runway is GO!

For months now the fate of the next season of the reality contest for fashion designers has hung in the balance.

As a legal battle over the rights to the show rumbled on, the contestants and hosts Heidi Klum and Tim Gunn, have been shooting the show — knowing that it might never air.

But it has just been announced that we will get to see it after all!

According to Perez Hilton, the Weinstein Company has agreed to pay Bravo — which has aired the show up until now — and its parent company NBC, an undisclosed sum to move Project Runway to its Lifetime network.

In a statement the networks said: "NBC Universal, The Weinstein Company and Lifetime have resolved their disputes.

"The Weinstein Company will pay NBCU for the right to move Project Runway to Lifetime. All of the parties are pleased with the outcome."

Harvey Weinstein added, "I want to personally congratulate Jeff Zucker and NBCU on their success in the litigation and thank Jeff for resolving this in a professional manner. We look forward to working together on our ongoing projects."

Meanwhile, Andrea Wong, president and CEO of Lifetime Networks said: I couldn’t be more excited that Lifetime will bring its viewers an amazing, all-new season of Project Runway this summer."

She added, "All of us at Lifetime are thrilled to move forward with Heidi, Tim, Nina, Michael, The Weinstein Company and the entire Project Runway team."

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