Mr Power's announcement comes 10 days after the company which operated the separate family park at the venue, Hop Farm Trading Ltd, went into liquidation.
Scott-Young's previous foray into unscripted television was UPN's "Road To Stardom with Missy Elliott" -- a quasi-mash-up of "America's Next Top Model" and '"American Idol" -- back in 2005, but the treacherous family dynamics and scandalous love lives of hip-hop stars is proving to be a winning recipe.
While the categories honored at the VMAs still include video of the year, best new artist, best video in the hip-hop, pop or rock genres and many others, the award show has become a celebration of the MTV family of programming and of the youth that it entertains.