CW series Riverdale is so popular that it now has not only one, but two spin-off series. First, it was The Chilling Adventures of Sabrina, and now it's Katy Keene. Pretty Little Liars actress Lucy Hale will officially star in new Riverdale spin-off TV series, Katy KeeneThe major announcement was revealed today on Monday, March 11. 

READ ALSO: What Will Happen To 'Riverdale' After Luke Perry's Death?

Lucy Hale announced that was cast as the lead role for the new spin-off series. The show was first given a pilot order two months ago in January. Now, the cast details have finally been revealed! 

The actress shared the exciting news on Instagram with her fans today thirty minutes ago. "Well I’m slightly freaking out!," she wrote in her Instagram caption. "Thank you @archiecomics / @writerras / @thecw / @warnerbrostv / @thatthingofwhen for trusting me to be your KATY KEENE. my heart is bursting."

READ ALSO: Chad Michael Murray Has Been Cast On 'Riverdale' And You Won't Believe His Role

So what is this new Riverdale spin-off series about? The show will focus on four different Archie Comics characters as they navigate their twenties and chase their dreams in New York City. Whether it's trying to make it big through a Broadway role, on the runway or through music, you'll be able to follow along as these characters try to make it as artists, according to Entertainment Weekly

Unlike Riverdale, the new spin-off will be a musical dramedy. It will be set years after Riverdale’s current time. Lucy Hale's character, Katy, is described as a New Yorker in her 20s that aspires to be a fashion designer.

However, she has yet to get her dream job and is instead working as a personal shopper at a luxury department store. Alongside working towards her career goals, Katy is also trying to navigate her friendships and romances in New York. 

Ashleigh Murray, who currently plays Josie McCoy on Riverdale will also act in the series. She will leave Riverdale this season so that she can play an older version of her current character, Josie McCoy, in the new show. Camille Hyde, Lucien Laviscount, Jonny Beauchamp and Julia Chan will also be in the pilot.

The pilot episode for Katy Keene will be written by Riverdale creator Roberto Aguirre-Sacasa and Michael Grassi. Besides lending their writing skills, the two will also be serving as executive producers for the new CW series, alongside Greg Berlanti, Sarah Schecter, John Goldwater, and Maggie Kelly.

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Katy Keene marks the second CW show that Lucy Hale has starred in. The former Pretty Little Liars actress played the lead role in the CW series Life Sentence for one season before it was cancelled. 

A release date for the new series has not been revealed yet, so stay tuned for updates. 

Fans have been super excited ever since Lucy Hale made the announcement on her Instagram. Thousands of people have commented their excitement for her new role. Honestly, same. We can't wait to see Lucy Hale bring her acting chops to Katy Keene!