Ashton Kutcher is set to be a big-time TV mogul after his production company signed a deal with network CBS. CBS and its divisions will now have the first option on all alternative and reality projects made by Kutcher's Katalyst Films - as agreed in the two-year contract.

The deal allows Kutcher and business partner Jason Goldberg to retain international format and distribution rights to their shows - unlike their previous agreement with 20th Century Fox TV.

Katalyst's creations include Beauty and the Geek, "The Real Wedding Crashers," "Adventures in Hollyhood" (corr) and "Room 401."

(This news article provided by World Entertainment News Network)