The Price Is Right is an American game show produced by Mark Goodson-Bill Todman Productions, wherein contestants placed successive bids on merchandise prizes with the goal of bidding closest to each prize's actual retail price without surpassing it. The show was a precursor to the current and best-known version of the program, which premiered in 1972 on CBS's daytime schedule. It makes The Price Is Right one of only a few game show franchises to have aired in some form across all three of the Big Three television networks.