A series of technical problems allegedly made the pilot episode look bad enough for NBC to decline to purchase the show, but after an appeal from the producers, citing the fact that all TV shows at the time were given at least 13 weeks to succeed or fail, it aired on the network. This version began as part of NBC's daytime schedule. At the end of each episode, the contestant who had won the most (by dollar value) was declared the winner and became the returning champion, entitled to play again on the next episode. Viewers submitted their bids via postcards, and the winner was announced on the air. There was also a special game set aside for the home viewer that offered several prizes in a package, which usually included a luxury vacation trip and/or a new car. The contestant could make a final bid, or "freeze." The contestant whose bid was closest to, but not more than, the correct value of the prize won it. In the case of the former, each contestant would bid on an item until a buzzer sounded. Depending on the prize, contestants were either allowed, in proper turn, to make multiple bids, or restricted to only one bid. Instead, contestants would try to bid as close to a product's actual retail price without exceeding that price. Though conducted in an auction style, Cullen did not play the role of auctioneer. Hosted by Bill Cullen, it involved four contestants bidding on a wide array of merchandise prizes with retail prices ranging from a few dollars (in many cases, "bonus" prizes were given to the winner afterward) to thousands. The original version of The Price Is Right was first broadcast on NBC, and later ABC, from 1956 to 1965. Main article: The Price Is Right (1956 American game show) 5 in its list of the 60 greatest game shows ever. Since the current version premiered, it has also been adapted in several international formats around the world, most notably in the United Kingdom, Australia, Mexico, and Vietnam.
It also managed to break away from the quiz show format that has been used in other game shows. The program has been critically successful and remains a stalwart in the television ratings. In the show, contestants compete to win cash and prizes by guessing the price of merchandise.
Since 2007, Drew Carey has hosted the program. This version was originally hosted by Bob Barker. The franchise began in 1956 as a television game show hosted by Bill Cullen and was revamped in 1972. The franchise centers on television game shows, but also includes merchandise such as video games, printed media, and board games. The Price Is Right is a television game show franchise created by Bob Stewart, originally produced by Mark Goodson and Bill Todman, and currently produced and owned by Fremantle. For other uses, see The Price Is Right (disambiguation). For the American version airing since 1972, see The Price Is Right (American game show). This article is about The Price Is Right franchise.