Bill Cosby is coming back home to NBC with a brand new comedy series. The 76-year-old actor and comedian will be playing the head of a multi-generational household.

The show will return the Philadelphia native back to the very same network where his revolutionary 1980's series, "The Cosby Show" had an eight year run from 1984 to 1992.

The Cosby Show featured an upper-middle-class black family, and it is attributed with sustaining the NBC network's success and paving the way for other shows that starred African-Americans.

Bill Cosby is mostly known for his role as Dr. Heathcliff Huxtable, the father of his television family. Actress Phylicia Rashad played Cliff's wife Clair on the series. Rashad would play his wife again on another sitcom titled "Cosby." Cosby aired from 1996 to 2000.

Cosby has been in the entertainment business for over 50 years. He first performed stand-up comedy in small venues in New York.

Cosby would later co-star with the late Robert Culp in the 1960's television series, "I Spy."  As a result, he became the first-ever black lead in a weekly dramatic show.

In addition, he won three best actor Emmy Awards for his portrayal of undercover CIA Agent Alexander Scott in the I Spy show.

In 1998, Bill Cosby received Kennedy Center Honors and was presented the Presidential Medal of Freedom in 2002.  In addition, He won the Mark Twain Prize for American Humor in 2009, which is given to entertainers who use comedy to effect American society.

Cosby and Werner had been thinking about doing family sitcoms for some time with the objective to reach a widespread audience, according to a Deadline Report.

"They would like to see a married couple that acts like they love each other, warts and all, children who respect the parenting, and the comedy of people who make mistakes. Warmth and forgiveness," said Cosby to Yahoo TV in November. "So I hope to get that opportunity, and I will deliver the best of Cosby."