By Will Morley
Updated July 23, 2012 at 06:12 PM EDT
Credit: Chris Polk/FilmMagic

Bob and Harvey Weinstein will be presented with the Producers Guild of America Milestone Award at the 2013 PGA Awards, held at the Beverley Hilton on January 26th. The brothers will join the elite rank of filmmakers who have previously received the guild’s most prestigious honor, including Clint Eastwood, Steven Spielberg, Walt Disney and James Cameron.

“We’re deeply honored and humbled for this recognition from the Producers Guild of America for our life’s work,” the Weinsteins said in a statement.

Producers Guild National Board Member and Awards Chair Michael De Luca praised the pair, stating “Bob and Harvey consistently seek out, nurture and help bring audiences the stories that others are often afraid to tell.”

Co-founders and co-chairmen of the Weinstein Company, the pair have been at the forefront of film making since the late ‘70s, first with Miramax Films (named after the Weinstein’s parents Miriam and Max). In 1993, Bob Weinstein founded Dimension Films (producing such hits as the Scream franchise and Sin City) before the brothers eventually collaborated again on The Weinstein Company in 2005.

Throughout their illustrious careers, the Weinsteins have racked up 303 Oscar nominations and received 75 Academy Awards, often committing to smaller movies and taking risks with foreign or art-house films. The Weinsteins recently claimed the much coveted Academy Award for Best Picture two years running with 2011’s The Artist and 2010’s The Kings Speech.