Universal has the rights to the hit musical detailing through Tony award-winning song the unknown story of the Wicked Witch of the West. Since it’s musical conception of June 10th, 2003, the show has been one of the largest selling shows of all time and considered one the best, and it will finally be given the live-action film treatment like musicals before it.
Stephen Daldry will direct the film with Marc Platt producing. As most release dates go, the studio is purposely putting in competition with an unknown Disney fairy tale coming out at the same time.
You can expect much of the technical staff to return to the films production, but not likely any of the stars of the Broadway hit. Writer Winnie Holzman and composer-lyricist Stephen Schwartz will return to their roles for the film.
Source: The Hollywood Reporter