Everything's Coming Up Roses for "Gypsy" the Movie! Film Adaptation Moves Forward! 

Last year, we told you that Warner Bros. was interested in making a new film adaptation of the 1959 Broadway musical "Gypsy." Barbra Streisand was attached, which is a good thing because the Oscar-winning actress has not made a musical since 1983's "Yentl." Joel Silver, the uber-producer who gave us the very macho franchises such as "Lethal Weapon," "The Matrix," "Die Hard," and "Sherlock Holmes" is embracing his inner musical geek to co-produce the movie with Streisand. (See Barbra Streisand in Talks to Play Mama Rose in New "Gypsy" Movie Adaptation!)

Warner's involvement was fitting since they created the 1962 movie adaptation starring Rosalind Russell and Natalie Wood. But now, we heard Warner stepped out and Universal Pictures is stepping in and they brought a scriptwriter to adapt the musical!

Streisand and Silver are still very much in the picture, and helping them is Julianne Fellowes who will adapt the Stephen Sondheim and Arthur Laurents' Tony Award-winning musical for the big screen. Fellowes won an Oscar for Best Original Screenplay for "Gosford Park," and he recently received an Emmy and Golden Globe for writing and creating the beloved PBS series "Downton Abbey." Fellowes also adapted the script for Disney's stage production of "Mary Poppins."

Based on the memoir by Gypsy Rose Lee, the musical and the original film explored the relationship between Gypsy Rose (Wood), a burlesque dancer, and her mom, Rose Hovick, a quintessential stage mother played to the hilt by Russell in the movie version, and Ethel Merman on Broadway.

Streisand would be playing the stage momma! You'll be swell, you'll be great Babs!

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