Reeve Carney Is Taking on the Time Warp in the 'Rocky Horror Picture Show' Remake

Reeve Carney isn’t just dreaming it, he’s livingit.

Though he grew up right around the corner from where The Rocky Horror Picture Show first began presenting its midnight showings in New York City, Carney was never able to stop in and watch the show because it “was not something that my parents would have taken me to,” the entertainer tells PEOPLE exclusively.

But now, Carney’s come full circle after landing a starring role in The Rocky Horror Picture Show remake.

“I’m so excited that we’re doing what we’re doing with the show because we’re presenting it into people’s homes and giving fans an opportunity to experience it together at the convenience of their own couch,” the actor, who plays Riff-Raff, says about the TV film.

According to Carney, who came from the world of Penny Dreadful, the remake captures and maintains the integrity of the ’70s flare but “feels as if its been transported into 2016.”

The star-studded cast includes Laverne Cox, Victoria Justice, Adam Lambert, Christina Milian, Ryan McCartan and Annaleigh Ashford, and the bond Carney established with them makes him “truly wish we could make one of these every year,” he says.

“We were shooting primarily night shoots, which injects a different type of enthusiasm-delirium, which I think makes a more unique bonding experience,” says Carney.

And speaking of bonding, Carney previously sang and played guitar for his band, Carney. But after starring in the Broadway musicalSpider-Man: Turn Off the Darkfor three years while the rest of his band members performed as part of the pit orchestra, they decided to call it quits in 2013 because it was “too hard to juggle everyone’s schedules.”

“It’s really creatively framed and I don’t know I would do it this way every time because I love collaborating, but it was a wonderful thing for my soul to be able to go fully into the artistic process with a singular vision like that,” Carney says about branching off on his own to create new music when he gets a break from acting. “It was great.”

Since then, the singer-songwriter has been working on his debut solo album, titled Youth is Wasted (out Oct. 21).

“Youth is Wasted sounds negative, but I actually mean it in a positive way,” Carney says about the meaning behind his album title. “It’s referring to the youth of the moment and not to let it go. Everything has youth to it, but let’s not waste it. Youth can be wasted if you don’t pay attention.”

Following the release of his album, Carney’s tour kicks off Oct. 24 in Los Angeles.