Last month MailOnline announced that Holly Willoughby would be the co-host of brand new Netflix reality show Bear Hunt, alongside Bear Grylls.

And now it has been revealed that Netflix bosses have spent a reported £10 million to form a star-studded line-up in order to keep up with major competitors such as I’m A Celeb and Strictly Come Dancing.

The show is being produced by Bear’s company and will be Holly’s first show away from terrestrial television. 

A source told The Sun: ‘Netflix are determined their collection will be largely killer, with very little filler. They’re not scrimping on paying six-figure fees and aren’t afraid to cough up more for the biggest names.

‘They’ll be shelling out an eight-figure sum in all, so the cast will be one of the most expensive in reality TV history.’

Last month MailOnline announced that Holly Willoughby, 43, would be the co-host of brand new Netflix reality show Bear Hunt, alongside Bear Grylls, 49

Last month MailOnline announced that Holly Willoughby, 43, would be the co-host of brand new Netflix reality show Bear Hunt, alongside Bear Grylls, 49

Last month MailOnline announced that Holly Willoughby, 43, would be the co-host of brand new Netflix reality show Bear Hunt, alongside Bear Grylls, 49

And now it has been revealed that Netflix are going all in on their contestants with a star-studded line up with a reported spend of £10 million in order to keep up with major competitors such as I'm A Celeb and Strictly Come Dancing

And now it has been revealed that Netflix are going all in on their contestants with a star-studded line up with a reported spend of £10 million in order to keep up with major competitors such as I'm A Celeb and Strictly Come Dancing

And now it has been revealed that Netflix are going all in on their contestants with a star-studded line up with a reported spend of £10 million in order to keep up with major competitors such as I’m A Celeb and Strictly Come Dancing

According to The Sun, Bear, 49, and Holly, 43, will be paid £1 million each for the series.

Netflix have been contacted for comment. 

Bear Hunt will show Grylls hunting down the contestants and when he finds them they will be eliminated from the programme. 

It is set to be filmed in May in the Costa Rican jungle, however won’t be aired until 2025.  

Holly, who quit ITV‘s This Morning last October, has been the face of daytime TV in the UK for over a decade and made herself a household name.

A show insider told MailOnline: ‘It’s a great and such an exciting fresh series and of course a great challenge for Holly.

‘It’s a great opportunity for her.’

Netflix bosses are said to be ‘ecstatic’ that they have been able to hire her. One said: ‘Holly was their woman for this project from the word go.

Ms Willoughby will be familiar with the jungle surroundings. In 2018 she hosted I'm A Celeb alongside Declan Donnelly - the highest rated series ever

Ms Willoughby will be familiar with the jungle surroundings. In 2018 she hosted I'm A Celeb alongside Declan Donnelly - the highest rated series ever

Ms Willoughby will be familiar with the jungle surroundings. In 2018 she hosted I’m A Celeb alongside Declan Donnelly – the highest rated series ever

‘They are absolutely delighted to have got her to sign on the line, hopefully there will be many more opportunities to work with her down the line too.’ 

A source said: ‘Holly and her team grafted for this deal with Netflix and negotiated a very attractive package.

‘Holly knows her worth and only wants to put her name on credible projects. 

Her show with Bear has a lot of money behind it and it’s expected to be a worldwide hit.

‘She is ready to go into the next league. 

The star quit This Morning last October after 14 years after an alleged plot to kidnap and murder her emerged, leaving her terrified

The star quit This Morning last October after 14 years after an alleged plot to kidnap and murder her emerged, leaving her terrified

The star quit This Morning last October after 14 years after an alleged plot to kidnap and murder her emerged, leaving her terrified

‘There is a lot riding on this show but Holly and her team already think they could be on to a winner.

Holly will be familiar with the jungle surroundings. 

In 2018 she hosted I’m A Celeb alongside Declan Donnelly – the highest rated series ever.

Standing in for Ant McPartlin who was in rehab for alcohol and painkiller addictions, she was hailed a huge success.

Holly's departure came five months after Phillip Schofield left ITV after his admission to the Mail that he had had a relationship with a much younger colleague and lied about it

Holly's departure came five months after Phillip Schofield left ITV after his admission to the Mail that he had had a relationship with a much younger colleague and lied about it

Holly’s departure came five months after Phillip Schofield left ITV after his admission to the Mail that he had had a relationship with a much younger colleague and lied about it

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