After more than five decades on the air, the legendary CBS game show The Price Is Right is preparing for a groundbreaking live broadcast this holiday season. This marks the first time the series will air live in its 54-year history, with host Drew Carey at the helm for the special one-hour event.
CBS Entertainment president Amy Reisenbach confirmed the live special during the network's fall schedule announcement, emphasizing Carey's essential role. "We would never do it without him," she stated. The episode promises to deliver classic elements like The Big Wheel while offering viewers unprecedented behind-the-scenes access as the production team navigates the challenges of a live broadcast without retakes.
Reisenbach hinted at interactive features designed to engage the audience, noting, "They've got some really fun ideas to bring viewers into that live experience. At the holiday season, I can't imagine anything more fun than witnessing people win prizes live."
Carey, who took over hosting duties from the late Bob Barker in 2007, reflected on the show's energetic atmosphere in a 2025 interview. "I couldn't believe how loud it was," he recalled. "I thought my hair was going to blow back. I had to change my Apple Watch settings because it kept alerting me about the noise level during tapings."
He also spoke about honoring Barker's legacy, saying, "It's very important to keep the memory of Bob alive. I'm not replacing anybody—I'm just doing a show that he used to do."
This live special represents the most significant format change since Carey assumed the hosting role, promising a fresh take on the beloved game show while maintaining its core appeal of excitement and prize-winning joy.