Netflix zones in on new comedy series, starring Michael Douglas and Alan Arkin

Actor Michael Douglas

Netflix is circling a 10-episode series order for a fresh show titled "The Kominsky Method", which is set to star Oscar winners Michael Douglas and Alan Arkin.

The single-camera comedy, which will be Douglas' first regular television role since "The Streets of San Francisco" in the 1970's, comes from "Big Bang Theory" co-creator Chuck Lorre, who will also executive produce alongside Douglas.

Based on an actor who years ago had a brief fling with success and is now a revered Hollywood acting coach, the show will centre around Douglas' character, with Arkin to co-star as his friend and agent.

The project marks Lorre's latest with the streaming service, with "Disjointed" - another comedy starring Kathy Bates as the owner of a medical marijuana dispensary - slated to debut on Netflix on August. 25.