Justin Timberlake has signed on to produce a new reality show for MTV called The Phone.

Based on a Dutch series, MTV said their version is “reminiscent of films like ‘Bourne Identity‘ and ‘The Game.” The show’s premiss is about MTV hiding two cell phones at opposite ends of a major U.S. metropolis. The phones will ring at exactly the same time, and whoever picks up will be given five seconds to agree to the terms of the game and then be sent on a series of city-traversing missions guided by a mysterious voice and followed by a helicopter.

“We’re turning the reality competition format on its head and plunging the contestants into a real life ‘Bourne Identity’ - not just in the tone and creative, but also in terms of the visual style and pacing,” said Tony Disanto, executive Vice President of programming and series development for MTV said. “Each week will be an action packed mini-movie. When you watch, your heart will pound as hard as the contestants. This is popcorn TV!”

“The Phone” is scheduled to premiere fall 2008.