The Royals” creator Mark Schwahn has inked a multiyear, first-look deal to develop scripted television content co-produced by Lionsgate TV and Universal Cable ProductionsVariety has learned.

In addition to the new development pact, Schwahn has signed on to return to the third season of “The Royals,” which was renewed by E! earlier this year. Under the agreement, he will continue as exec producer, writer and director on the soapy drama.

“Mark knows how to create compelling and dynamic television that helps build networks, and he also knows how to develop characters and expand the worlds in which they live over many seasons,” said Kevin Beggs, chairman of Lionsgate’s Television Group. “We are huge fans of his reign on ‘The Royals’ and are very excited about what he will develop next as part of his new first-look deal.”

“We love what Mark continues to do with ‘The Royals.’ He has a natural talent for weaving drama with pop culture and creating sensational characters with mass appeal. We look forward to more of his signature storytelling as part of our new deal,” added Jeff Wachtel, chief content officer of NBCUniversal Cable Entertainment and president of Universal Cable Productions.

“The Royals,” which hails from Lionsgate and UCP, stars Elizabeth Hurley as queen of a modern-day royal family. Brian Robbins, Joe Davola and Shauna Phelan are also exec producers, in addition to Schwahn, who commented: “Working with the cast and the crew of ‘The Royals’ is immensely enjoyable, and the support from E! has been smart and gracious as well. It’s a nice place to be.”

Of his new deal, Schwahn — who created “One Tree Hill” before “The Royals” — said, “The quality and history at both Lionsgate and Universal Cable Productions speaks for itself. I’m very honored to be a small part of that. Both studios foster a creative environment that I hope to call home for years to come.”

Schwahn is repped by WME.