The Wrap:

Phil Lord and Chris Miller have signed an exclusive, five-year overall deal with Sony Pictures Television. The deal is worth nine-figures, a person with knowledge of the deal’s financials told TheWrap.

The Academy Award-winning and Emmy-nominated writing, directing and producing team will create a slate of both live-action and animated series under their Lord Miller Productions banner — including a suite of new TV series based on Sony’s Marvel Universe, produced in partnership with Amy Pascal.

Awesome news. These guys are 100% worth it.