Variety let el pussycat out of the bag today and announced the partnership of World of Wonder Productions (that’s us) with Luis Balaguer’s Latin World Entertainment in producing a reality TV show called ¡Viva Hollywood! that will move some of the biggest telenovela stars into a house together and watch them try to break into American TV and movies. “Classic ‘making it in Hollywood’ story, very aspirational,” says Tom Campbell, who will be executive producing the show with Randy Barbato and Fenton Bailey. “We wanted to figure how to translate the popularity of Latin shows into what World of Wonder does best: observational documentary.” He says the show is timely, given MTV’s upcoming Road to Menudo and the success of ABC’s Ugly Betty. (Source)

And unlike the incorrect information you may have read elsewhere about the fate of the Perez Hilton show, this report is true. If you need to see it to believe it, watch the clip.