Punk'd co-creator Jason Goldberg is teaming with STX Entertainment for a series of celebrity prank movies that will cost around $5 million apiece.
MTV announces its line-up of guest hosts including Justin Bieber and Miley Cyrus for this revamped reality show debuting March 19.
Series creators Ashton Kutcher and Jason Goldberg will executive produce this reality prank series, with a host to be announced New Year's Eve.
Ashton Kutcher will revive his long-dormant prank show, both producing and appearing on new episodes of the series.
The MTV series will hit local affiliates in the fall of 2008.
The cable network premiering with all eight episodes at once.