NBC is developing a midseason reality series with BBC Worldwide Productions that will allow Broadway hopefuls to compete for the leads in the latest revival of the musical “Grease.”

The series, called “You’re the One That We Want,” will select newcomers to play the roles of Sandy Dumbrowski and Danny Zuko in a production of “Grease” that is scheduled to open in June 2007.

The new “Grease” production will be directed and choreographed by two-time Tony Award-winner Kathleen Marshall (“The Pajama Game”). Paul Nicholas and David Ian Associates, Nederlander Presentations and Phoenix Productions will produce. Jim Jacobs, the co-creator of “Grease,” along with Ms. Marshall and Mr. Ian, are set as judges on “You’re the One That We Want.”

“Grease,” written by Jim Jacobs and Warren Casey, first premiered in 1971 in Chicago before moving to a Broadway run in June 1972. The production ran for 3,388 performances, which was then the longest running show in Broadway history. Made into a 1978 feature film starring John Travolta and Olivia Newton John, the movie version of “Grease” is still the highest-grossing film musical of all time. A high school drama club staple, “Grease” had a successful 1994 Broadway revival, while a U.K.-based production launched in 1993 still tours internationally.

“You’re the One That We Want” is produced by BBC Worldwide Productions. The BBC’s Paul Telegdy and David Ian are executive producing.