Kara Dioguardi is shopping a new reality show that would give recording artists a second shot at stardom after being dropped by their labels.

“It’s called ‘Dropped.’ I’m starting to shop it now,” the American Idol judge told New York Magazine’s Vulture Blog at the G-Star Raw Fashion Show in New York City on Tuesday night.

“It takes the best acts that have been dropped and gives them a second chance. You look at Katy Perry, the Jonas Brothers, Alicia Keys, and Lady Gaga, they all have one thing in common: They’ve all been dropped from their labels,” Kara, a Grammy-winning songwriter continued. “I was dropped. Think about how many times in your life you haven’t achieved one goal, but you’ve achieved another one.”

No word on what networks have expressed new show. We wonder if Kara will host? With Bo Bice, Taylor Hicks, and Katharine McPhee, and a host of other Idol alums, all having been dumped by their labels, the judge’s new show will have a healthy pool of potential contestants to select from.