Martin Scorsese and are behind the series, which will also feature Richie Finestra, Olivia Wilde, Ray Romano, Juno Temple and Andrew Dice Clay.
The series will "explore the drug- and sex-fueled music business as punk and disco were breaking out, all through the eyes of a record executive trying to resurrect his label."
Cannavale, a two-time Tony Award nominee for The Motherf**ker With the Hat and Mauritius, will star as the record executive.
Terence Winter will be the show runner of the new series, and Scorsese will direct its pilot episode. A debut date for the show was not announced.
