'Property Brothers' stars Drew and Jonathan Scott extend partnership with HGTV, ink multiyear deal

(Facebook/PropertyBrothers)Drew and Jonathan Scott inked a new deal with HGTV.

It seems people will continue to see more of the "Property Brothers" on HGTV for a very long time. Drew and Jonathan Scott inked a new deal with the network that has carried their successful reality real estate series over the last seven years.

According to a report from TheWrap, the twins signed a multiyear deal with the network, which virtually ensures that their hit series "Property Brothers" will likely see more upcoming seasons in the future. Moreover, the deal also gave the twins' Scott Brothers Entertainment the green light to develop a new HGTV series. Currently, the brothers have four different shows on the network, namely, "Property Brothers," "Property Brothers: Buying & Selling," Brother vs. Brother" and "Property Brothers at Home."

"We're beyond excited to continue the relationship with our incredibly talented friends at HGTV," said Drew. "We truly love what we do, and promise that even though we have a ridiculous amount of fun...we'll actually get a little work done, too, and continue helping families through our shows," added Jonathan.

Meanwhile, The Hollywood Reporter noted that the signing of the Scott brothers is a huge strategic move that will benefit the network. Apart from the "Property Brothers" receiving very high TV ratings, the network is slated to lose one of its top drawers in "Fixer Upper." The show, which stars Chip and Joanna Gaines, is on its fifth and final season. Moreover, the Scott's "Brother vs. Brother" has reportedly attracted over two million live viewers.

"Their work ethic and commitment means they can produce and star in an incredible amount of content in a very short period of time," Allison Page told The Hollywood Reporter. Page is the GM of U.S. programming and development of Scripps Networks Interactive, which owns HGTV. "It also ensures we have a premiere episode with them 52 weeks a year, which is an amazing feat and not something we've achieved with anyone else," Page added.