Jeremy Clarkson, James May and Richard Hammond have signed a reported 160 million ($379.3 million) deal with Amazon to launch a rival to Top Gear, saying they looked forward to working without being "policed" by the BBC.
The presenters are leaving behind terrestrial television for a motoring show that will be available online to Amazon's Prime Video subscribers.
The signing is a coup for Amazon, the online retailer now encroaching on the territory of traditional broadcasters, and is more than double the amount rival Netflix paid for its highest-profile show, House of Cards.
According to the Financial Times, the deal is worth 160 million for 36 episodes over three years in what Amazon has hailed as a "landmark global TV deal".
Clarkson, Hammond and May - along with former Top Gear executive producer Andy Wilman - will make the show and take a cut of profits from merchandising and tours through their new production company, W Chump & Sons (the title incorporates the initials of their surnames).