Jeremy Clarkson, Richard Hammond and James May will front three series of a new motoring show for Amazon Prime, with the first season to be made available worldwide in 2016.
The move follows the team’s departure from Top Gear earlier this year.
Jeremy Clarkson’s contract was not renewed following an “unprovoked physical attack” on a Top Gear producer.
His co-hosts then followed him in leaving the show.
They will now make the unnamed new program with former Top Gear executive producer Andy Wilman, who also quit the BBC following the “fracas”.
In a statement from Amazon, Jeremy Clarkson said: “I feel like I’ve climbed out of a biplane and into a spaceship.”
Richard Hammond said: “Amazon? Oh yes. I have already been there. I got bitten by a bullet ant.”
James May added: “We have become part of the new age of smart TV. Ironic, isn’t it?”
Amazon Prime Video EU vice-president Jay Marine said: “Customers told us they wanted to see the team back on screen, and we are excited to make that happen.
“We can’t wait to see what Jeremy, Richard, James and the team will create in what is sure to be one of the most globally anticipated shows of 2016.”
The Amazon deal is part of a company’s plan to compete with traditional broadcasters and streaming rivals like Netflix.
Amazon has also signed up Woody Allen to make his first television series; resurrected drama Ripper Street after it was canceled by the BBC; and won awards and acclaim for its dark comedy Transparent.
Meanwhile, Top Gear will continue on BBC Two, with Chris Evans among the new hosts.
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