Originally hosted live from New York City by Carson Daly, the revival will premiere in October and will introduce viewers to new talent, including rapper and comedian DC Young Fly and Erik Zachary, a radio host for 103.5 KISS FM in Chicago. A massive studio facing Times Square (much like the original one) is currently under construction.
"If we're going to come back and reinvent MTV, the studio is a given," MTV president Chris McCarthy told The New York Times. "It is the centerpiece."
"It's the right route," he added. "When you talk to artists and they say to you, unaware of what we're doing, 'Can you bring back TRL?' We'd be crazy not to reinvent that. MTV's reinvention is coming by harnessing its heritage."
The all-new TRL is slated to air an hour a day on the network, but McCarthy says it may grow to two to three hours a day once the show is completely developed. The NYT reports the show will also produce daily content on Instagram and Snapchat.
"You've been doubted before…," DC Young Fly, who appeared on season seven of MTV's Wild 'N Out, wrote on Instagram following the announcement. "#ILoveMakingThemBelievers #MTVLetsTurnUp #TRLisBack."