Anyone remember the classic 1950s (’70s and ’80s) game show Treasure Hunt? It’s coming back in yet another new iteration for a new generation of viewers.

Electus and Barry Poznick’s Barracuda Television Productions have acquired rights to Treasure Hunt to adapt as a new unscripted series. The new version comes from Barracuda founder Poznick, who just wrapped ABC’s update of To Tell The Truth, along with producing partners Wink Martindale (Tic-Tac-Dough, High Rollers), and John Ricci, Jr. (The Joker’s Wild, The Pyramid).

The basic premise will remain the same: a single contestant selects one of 30 “treasure chests” and wins what’s inside. The catch is that there are comedic distractions that create laughter and heighten the tension at each decision point. One wrong choice can mean the difference between the contestant winning a Rolls Royce or a broken unicycle.

The original Treasure Hunt was created and hosted by comedian Jan Murray in the 1950’s and ran on ABC and NBC in primetime. The show was later revived in the 1970’s by Chuck Barris (Newlywed Game, The Gong Show) and was a ratings success for five years in syndication.

Barracuda Television Productions will produce the unscripted series in conjunction with Electus. Poznick and Chris Grant of Electus will serve as Executive Producers.