05/29/2012 04:39 pm ET

'The Winner Is': NBC Orders New Singing Show

"The Winner Is" is coming to NBC. The Peacock network has ordered yet another new singing competition series ... but of course, there are twists.

The show's contestants, who will be comprised of all ages and include both solo acts and groups, will face an in-studio panel led by one celebrity judge while they compete for a cash prize of $1 million. Here's where the twists come in: the contestants can negotiate a deal with their opponent. Before hearing the results, contestants can choose to either leave the competition in exchange for a predetermined cash prize or stay in the game.

Contestants will also be able to make a deal after each singing duel. In the finale, eight singers will duel and negotiate until two remain. After the final two perform, each will get the chance to walk away with $100,000, or they can choose to put their fate in the hands of the jury and viewers at home for $1 million.

The identities of the celebrity judges have yet to be announced.

“We are thrilled to be working with John de Mol, the creator and one of the producers of 'The Voice,' on this original singing game show that will feature a broad range of talent, dueling performers and the surprise of in-the-moment negotiations and decisions,” Paul Telegdy, president of alternative and late night programming at NBC, said in a statement. "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 has yet to set a premiere date for "The Winner Is."