Melbourne, Mar 20 : TV presenter Eddie McGuire is returning to host a revamped version of the show `Who Wants to be a Millionaire'.

Australian TV network Nine hopes to cash in on the success of the Oscar-winning film `Slumdog Millionaire', a rags-to-riches tale of a Mumbai slum boy who wins the jackpot on the quiz show.

Unlike the traditional Millionaire, the new format to be hosted by McGuire is said to be fast-paced.

"It''s the best game show in the history of television, and the hottest movie in the world," News. com. au quoted McGuire as saying.

"Millionaire is back by popular demand, with a twist.

"Never has it been more appropriate to give people a chance to win great money. Millionaire Hot Seat has a quicker format, but the famous drama remains," he added.

According to the New York Times, US ABC network is also planning to revive its Millionaire format, following the success of Danny Boyle's Slumdog Millionaire. (ANI)