Project Runway gets sold to Lifetime, where it will more than likely run between the most recent Movies of the Week. Bravo doesn’t cry about it. They are developing a new fashion show that might kick Project Runway’s ass.

FASHION HOUSE (working title)
“Fashion House” (wt), a creative competition program based on the British format of the same name, replicates the workings of the fashion business through a fashion house. Teams of designers will live together and work to create not just a single item of clothing but an entire, cohesive line. These collections are created on deadline and are presented to commercial buyers with the opportunity of having the designers’ line mass marketed.

If Bravo pulls this off and does it well, they will once again be the best channel in the world. The only bad part - no Tim Gunn.

More here and here.