Does the world really need a new karaoke style talent show? Apparently MTV thinks so because they have just begun a new ‘Cover Of The Month’ competition.

Each month viewers from around the globe will get the chance to submit their versions of each month’s chosen song, with the overall winner for the year getting their own music video produced with and promoted by MTV.

The contest has been kicked off by Mike Posner, who has challenged fans to submit covers of his hit I Took a Pill in Ibiza; entries close on September 30.

“I’m all about anything that supports creativity and self-expression,” he says. “I’ll pick my favorite, announce it on MTV myself – can’t wait to see your takes on it.”

Highlighted covers will be regularly sprinkled throughout MTV’s international programming and commercial breaks, and each monthly winner will receive a trophy and a recurring on-air spot in that particular month.