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Creative Arts Emmys, Arrivals, Day 2, Los Angeles, USA - 09 Sep 2018

Heidi KlumandTim Gunnare ready for their next adventure.

Speaking to PEOPLE on the red carpet at theCreative Arts Emmy Awardson Sunday, the longtime co-hosts opened up about their exit fromProject Runwayafter 16 seasons.

As theyannounced last week, Klum and Gunn are working to develop, produce and headline a fashion reality series with Amazon Prime Video, and while they don’t have a premiere date yet, Klum said they’re “working very hard right now to get it off the ground as soon as possible.”

“Exactly,” chimed in Gunn, 65. “We will bring it out of the oven.”

“We’re now going global, we’re going around the world,” Klum said Sunday. “Before we were in America, and what is very exciting about this is that people around the world can now see our show — possibly we can have designers from around the world. People can possibly have their clothes in their closets. At Amazon, you lay in bed, you watch your favorite show — hopefully that will be ours. And then you click to the fashion, and then you can possibly have that in your closet.”

“I think this is amazing, not only for the buyers, but also for our designers, because our designers never had that opportunity before,” she said. “And that’s really what you want, you want people to wear your clothes. And now they have the opportunity.”

“Where else can you have Amazon Prime video for us, and then the Amazon fashion platform for the designers, and that full integration?” said Gunn.

“You know what I’m hoping we’re getting out of this? Free shipping for life,” quipped Klum.

The pair also touched on what makes their partnership so great, with Gunn revealing they are “constantly challenging each other in so many ways.”

“We have total and complete synergy and unanimity,” he said. “But in other ways, if nothing else, we’re a generation removed. So, that helps tremendously, and the gender difference.”

“And I always learn at least five new words a week from you,” added Klum. “I really do.”

As for whether any of their pastProject Runwaycollaborators might join them on their new venture? They don’t know, but they’re not against it.

“We love all the people we’ve worked with in the past,” said Klum.

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Klum and Gunn aren’t the only ones who will be missing from the lineup whenProject Runwayreturns:Zac Posenhas also announced hisdeparture.

“Working alongside Heidi, Nina and Tim as a judge for six seasons ofProject Runwaywas one of the greatest experiences of my career,” the designer said in a statement last week. “I will cherish the opportunity the show gave me to learn from and grow with my co-judges, the producers, crew and designers.”

“Runwayhas led to incredible opportunities and I am currently at work on some new projects that I am very excited to share with you soon,” he continued. “I wish the show and everyone much success always.”

source: people.com