The dispute began last April after NBC Universal sued Weinstein after the production company made a reported $150 million deal with Lifetime for the series that features supermodel Heidi Klum as host.
That lawsuit has been settled. In a statement Wednesday, NBC Universal said Weinstein will pay the media company "for the right to move 'Project Runway' to Lifetime. All parties are pleased with the outcome.'"
Copyright 2009 The Associated Press.