Simon Fuller, the man behind “American Idol," has another star-making show in the works, reports The Hollywood Reporter.

"If I Can Dream” will follow the path of five young people who have Hollywood goals, tracking their lives in a group house in Los Angeles around the clock online, at ificandream.com.

Hulu, Clear Channel and MySpace will distribute the series initially; viewers will be able to interact with the five participants via Twitter and Facebook. Eventually the show will be shopped to TV networks after the project is established.

–Elizabeth Jensen