Earlier this week, we showed you the first photos from Fox's highly-anticipated musical Grease: Live, featuring Julianne Hough as Sandy, Vanessa Hudgens as Rizzo and Aaron Tveit as Danny. Today, Fox has released the first trailer, which shows all of these beloved characters and the rest of your favorites from Rydell High. This footage also gives fans a first look at these new stars performing one of the original musical's most beloved songs, "Hand Jive."

Featuring a young ensemble cast, Grease: Live will reintroduce and reimagine some of the show's most memorable moments, great music and timeless love story to an entirely new generation. In this live television adaptation of the musical classic, the beginning of senior year means the end of Danny and Sandy's summer romance - until Sandy unexpectedly transfers to Danny's high school. Can Danny maintain his bad-boy image as the coolest member of the T-Birds, once he and Sandy start going together, and can Sandy remain a good girl after she joins the Pink Ladies? With their friends Rizzo and Kenickie pulling them in different directions, it's up to Danny and Sandy to stay hopelessly devoted as they make their way from Rydell High to a new frontier.

Grease: Live stars Julianne Hough as the angelic Sandy - Rydell High's most talked-about newcomer - and Aaron Tveit as bad boy Danny Zuko. Also tapped to star are Vanessa Hudgens as iconic bad girl Rizzo, Keke Palmer as the sassy Pink Lady Marty Maraschino and Carlos PenaVega as Kenickie, Danny's tough-guy sidekick. Pop powerhouse and Grammy Award-nominated singer Jessie J will open the live event with a performance of a brand-new version of "Grease (Is the Word)," written by Barry Gibb.

Related: Grease: Live Lands Brady Bunch Star Eve Plumb

Based on the 1971 Broadway musical of the same name with book, lyrics and music by the legendary team of Warren Casey and Jim Jacobs, the 1978 hit film Grease, starring John Travolta and Olivia Newton-John, grossed nearly $400 million worldwide, making it the highest-grossing movie musical ever at the box office. Grease: Live will be executive-produced by acclaimed film, television and theater producer Marc Platt, with Thomas Kail overseeing the stage direction and Alex Rudzinski serving as the live television director.

Grease: Live will electrify television audiences everywhere with live performances of the unforgettable Casey/Jacobs songs "Summer Nights," "Greased Lightnin'" and "We Go Together"; as well as the iconic songs written by John Farrar, "Hopelessly Devoted to You" and "You're the One That I Want." The broadcast will reimagine some of the story's most memorable moments and characters from the T-Birds and Pink Ladies, including Danny Zuko, Rizzo and Sandy. Are you looking forward to the one-night only live broadcast of Grease: Live this coming January? Chime in with your thoughts after taking a look at the first trailer.