"Live!" follows ABN network president Katy Courbet and up-and-coming documentary filmmaker Rex as inspiration strikes to create the most daring reality program ever. The show is Russian Roulette, network style, with contestants competing for 5 million dollars on-air, complete with loaded guns. As seen through the lens of a documentary film crew, Live! examines the competitive and often gut-wrenching world of television production, where everyone from the crew to the contestants to the network brass becomes engulfed in a ratings battle to the top-a battle where questions of morality, ethics and sheer will lead to a darkly humorous and unforgettable outcome.