Are they mining the past to get ahead or going back to the future? We’re not sure. But the creators of “thirtysomething” are planning to launch a new online-only show on twentysomethings on MySpaceTV in November.

A-list creative duo Marshall Herskovitz and Ed Zwick – the force behind “Blood Diamond,” “The Last Samurai” and “My So-Called Life” — say the new show “quarterlife” will be the first “network quality” series to be created exclusively for the Internet.

The guys were mum on how much they would spend. The New York Times reports the budget would be “substantially more than the $50,000 to $100,000 an hour that many higher-end Web series spend.”

“Quarterlife” launches on November 11 and encompasses 36 eight-minute episodes about six young adults in a big city who all long for careers as artists. The main character is a woman named Dylan who posts her own video blog on the Web. Naturally, there will be a social network component to the project. Viewers will be able to network and play a role in the show’s creation through text and video submissions.

In the creators own words: The central character is Dylan, a young woman whose overly truthful video blog spills the closest secrets of her friends, and the show’s characters–filmmakers Danny and Jed, actress-bartender Lisa, geek-extraordinaire Andy, and still-tied-to-her-parents Debra–chart the sometimes excruciating, sometimes comic, often emotional experiences that comprise coming of age as a part of the digital generation.

ABC passed on the show, inspiring the two to take matters into their own hands and enjoy the rare luxury of creative and business independence in Hollywood.
(Reuters)
(New York Times)

Keep an eye on:

• MTV to debut Yahoo online music performance series on HD. (NY Post)
• Fox Business Network taps five insiders as anchors. When does the poaching begin? (Reuters)
• HarperCollins will publish a new novel by James Frey, the author who admitted to fabricating key parts of his best-selling drug and alcohol memoir “A Million Little Pieces.” (Reuters)
• Amazon may launch Music Service next week, maybe, if it passes muster with Amazon CEO Jeff Bezos. (Billboard)

(Photo: Reuters)