The network announced today (Tuesday, May 29) that it is adding a new series to its 2012-2013 roster.
Titled The Winner Is, the show sees contestants compete before an in-studio panel. Before they hear the verdict of the panel, they must decide whether they want to continue in the competition for a grand cash prize of $1 million (£640,362) or leave in favour of a smaller amount of money.
The Voice creator John de Mol will serve as the show's executive producer.
"Talented singers and the show's surprising competitive twist, with the possibility of negotiating a deal to step out of the game, will have viewers engaged and entertained," NBC chief Paul Telegdy said.
The competitors will include soloists as well as groups, with the age of contestants ranging from children to seniors. After performing for the panel, contestants can choose to continue or depart the competition depending on how they feel about their performance.
If they negotiate to leave, they will receive a small cash prize, if they stay, they risk losing it all in an elimination. If they advance, they remain in competition for the grand prize.