Justin Timberlake's Game Show Gets the Green Light From Fox

Timberlake will serve as executive producer of the series, which will feature contestants competing for huge sums of cash in a game built around a gigantic, unpredictable wheel.

"I can't think of a better job than giving out millions of dollars to nice people," Dax Shepard said of his new gig. "It's my chance to finally be Willy Wonka."

The game show will see contestants placing their fate into the hands of a 40-foot wheel that spins and holds large cash prizes within its rotation. Throughout the game, players will answer trivia questions.

Each correct answer means more cash in the wheel's wedges, while each wrong answer adds more dangerous wedges to the wheel that could easily plummet contetstants' takeaway back down to zero.

Rob Wade, president of alternative entertainment and specials for Fox, added, "This show is massive on so many levels and has the ability to change people's lives. We have a charismatic and hilarious host in Dax, an uber-producer in Andrew [Glassman], an insanely creative global superstar in Justin and one of the biggest prizes in primetime history. We can't wait to 'Spin the Wheel.'"

A premiere date hasn't been announced.