The new musical will follow the story of a rich socialite who discovers a vagabond and brings him on as the family butler, only to later uncover his true identity. The book was adapted for the screen twice — one in 1936 starring William Powell and Carole Lombard and again in 1957 with David Niven cast opposite June Allyson.

The musical "My Man Godfrey" is still very much in the early stages of development, according to an Araca spokesperson. The musical is part of a new collaboration between the two producing companies which will bridge both company's creative and financial resources. The venture will also produce a musical based on the life of soprano, pianist and music educator Ella Sheppard Moore and the Jubilee Singers.

Tony Award winner Hollmann has a number of projects in the works including a musical version of "The Man in the White Suit," Wild Goat as well as the prequel and sequel to Urinetown.

Lindsay-Abaire, who has also penned Wonder of the World and Kimberly Akimbo, is reportedly at work on the new musical Betty Boop with composer Jason Robert Brown.

The Araca Group has produced Broadway's Wicked, Frankie and Johnny in the Clair de Lune and Off-Broadway's Debbie Does Dallas. East of Doheny is a division of Lexington Entertainment Group, whose credits include Broadway's Big River, Sweet Smell of Success, The Look of Love and Not About Nightingales.