Another classic musical is being revived!

NBC's huge success with 'Sound of Music Live!' has given Fox a great idea.

The television network will create a live special of their own, and it will be a three-hour broadcast of the 1970's hit musical 'Grease.'

Fox president Kevin Reilly made the exciting announcement on Monday (April 28th).

The forthcoming live production will feature some of the iconic songs featured in the musical, such as '"You're the One That I Want,' 'Hopelessly Devoted To You,' and 'Summer Nights.'

'Grease Live' is scheduled to air in 2015 and will feature a young ensemble cast who will re-enact the story told in the original 1971 musical as well as the 1978 film, which starred John Travolta and Olivia-Newton John.

"From Broadway to film, and across generations, Grease is one of the most beloved musical stories ever told - and we can't wait to bring it to our air in a spectacular live event," Fox's senior vice president of event series Shana C. Waterman stated. "Its iconic characters and addictive songs make it the perfect fit for Fox, and we're going to give it the kind of star power and production quality to make every Sandy, Danny, Rizzo and Kenickie out there want to get up and sing along."

"It's incredibly exciting to have one of our first major network productions be based on this universally celebrated Paramount title, and we're thrilled to be partnering with Kevin, Joe and Shana on this epic television event," added Paramount TV's president, Amy Powell. "Fox's passion for engaging audiences with bold storytelling and live musical formats make it a perfect home for this special broadcast."

The SOund Of Music
The cast of NBC's 'The Sound of Music Live!'

Last December, NBC aired a live broadcast of a stage production of the von Trap's family's' famed tale called, 'The Sound Of Music Live!'. American singer Carrie Underwood starred as the titular role of 'Maria' and 'True Blood's' Stephen Moyer portrayed 'Captain von Trapp'.

MORE: NBC's Next Live Stage Production Will Be 'Peter Pan' After The Success Of 'Sound Of Music' 

Fox are jumping on the bandwagon due to the live stage production garnering 18.4 million viewers and scored a 4.6 average rating in the adult demographic, making it the highest rating NBC production since the last episode of ER in 2009.