Wayans' 'WayOutTV' will do comedy on YouTube

LOS ANGELES -- Damon Wayans is taking In Living Color to the Internet.

The 47-year-old comedian has announced the debut of "WayOutTV", a collaboration with YouTube that will show sketch comedy videos that he produces.

Wayans described the venture as In Living Color 2.0— an online version of the hit 1990s TV series that made him and his brothers Keenen Ivory, Shawn and Marlon famous.

"WayOutTV" will allow viewers to share, rate and leave comments on the sketches.

"For too long, comedy has been a one-way dialogue, with comedians talking to an audience rather than with an audience," Wayans said in a statement Thursday. "My entire goal is to make people laugh and at the same time find a way to be creative and collaborative with people who want to be a part of the process."

Wayans became famous for his portrayal of outrageous characters on In Living Color, including Homey D. Clown. He also starred on the ABC sitcom My Wife and Kids and the Showtime series The Underground. His film credits include The Last Boy Scout and I'm Gonna Git You Sucka.

ABC is owned by The Walt Disney Co. Showtime is owned by the CBS Corp.