After releasing “Da Drought 3″ mixtape a few weeks ago, Lil Wayne is set to star in a new online reality series. The show, “Making the Next Hit! With Lil Wayne,” aims to discover new producers, models, singers, comedians and rappers, and will be hosted by veteran MC Busy Bee and Pit, producer of the Shop Boyz’ “Party Like a Rockstar.”

“We’ve created a TV and radio online program,” says David Swagga, radio host and spokesperson for TheNext.tv. “We’ll air 27 hour-long episodes because we’ll be taping the talent searches in 27 cities.”

“Making the Next Hit!” will air via the new web channel theNext.TV beginning in January. The production crew will hold auditions in Philadelphia on Aug. 12, to be followed by events in Atlanta, New Jersey and New York. Once the show chooses a winner, Cash Money Records will have first right of refusal in signing that act.  More