Rocket Pictures CEO Steve Hamilton Shaw and David Furnish will produce the film with the Really Useful Group. Webber, Rice and John will exec produce.
Created by Webber and Rice in 1968, the show has become one of the most-produced musicals of all time and has earned more than $600 million at the box office. It was presented in London's West End in 1973 and opened in an expanded version in the U.S. in 1976, going on to play 747 performances on Broadway. Donny Osmond starred in a 1999 filmed version of the musical.
Rocket Pictures is currently producing the John biopic "Rocketman" with Tom Hardy set to star as the iconic performer. It is also at work on "Sherlock Gnomes," the sequel to its 3D animated hit "Gnomeo & Juliet" that earned $200 million worldwide.
Related storiesElton John Speaks Out Against Russia's Anti-Gay Policies at Moscow ConcertElton John Shows in Russia Will Go On Despite Anti-gay PoliciesOne Direction, Katy Perry, Killers, Elton John to Perform on 'X Factor' U.K. 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLCCopyright © 2014, The Baltimore Sun