So much for taking a break.
"We're contemplating a show that is sort of a talent show, but it involves the whole family," Philbin, 80, tells The New York Post. A family competition "is something new in our business. It's going to be on primetime when it happens."
Philbin recently formed RAF Productions with former Live! director Barry Glazer, City Island executive producer Edward Walson and Cort Cassidy. The longtime TV personality also said he's been approached about other projects, such as bringing back the variety show format. "[An] entertainment type of show would appeal to me," Philbin said. "Almost a variety show. In our business you don't want to say variety because it's frowned upon now, but something with people who are performing."
Philbin reiterated again that he is not retired, he's just "moving on" after leaving Live!
"It wasn't that ABC didn't try to negotiate with me," he said. "As it happens in this business, sometimes you don't really like the terms so you just walk away with that in mind."