EXCLUSIVE: Nat Faxon and Jim Rash (The Descendants) have signed a two-year overall deal with Sony Pictures TV. This marks the first overall TV pact for the Oscar-winning writing duo. Under the agreement, Faxon and Rash will develop and produce series projects with Kevin Walsh, their film and TV producing partner at the trio’s B Story banner. Faxon and Rash previously penned the 2005 ABC comedy pilot Adopted and made their TV directing debut this past season with Fox’s comedy pilot Fatrick, which they also executive produced. Additionally, both have series experience as actors. Rash has a relationship with Sony TV with his co-starring role on the studio’s cult comedy Community, which recently found a new home at Yahoo, while Faxon stars on FX’s freshman comedy series Married.

On the feature side, in addition to earning an Oscar for co-writing The Descendants with Alexander Payne, the duo helmed their script for The Way, Way Back, which starred Steve Carell and premiered at Sundance in 2013. Faxon and Rash were repped in the deal-making with Sony TV by CAA. The duo have since signed with WME. Faxon is managed by Principato-Young; Rash by Intellectual Artists. Both are with Stone, Meyer, Genow.