Paul Blake and Sony/ATV Music Publishing are producing the musical that will feature a book by Academy Award nominee Douglas McGrath, who collaborated with Woody Allen on the screenplay for "Bullets Over Broadway." He also penned "Infamous" and "Emma."

Prior to its Broadway arrival, Beautiful will play a pre-Broadway engagement this fall in a city to be announced.

Showbiz411 reports that Marc Bruni (Pipe Dream, Ordinary Days, Old Jews Telling Jokes) has been tapped to direct, though a director has not been officially announced for the project at this time. Press representatives were not able to reveal which songs from King's prolific musical career will be incorporated.

The project was previously announced under the working title Natural Woman - also the title of King's recent autobiography.

"What's so great about this for me is that musicals were a major influence on my songwriting. In fact, when Gerry and I first met, we made a bargain that I would write music for the Broadway show he wanted to write if he wrote lyrics for my rock 'n roll songs. The songs took off, and the show idea never came to fruition. Now that our songs have merged with a Broadway show, we've come full circle," King said in a statement. Here's how the creators bill the musical: "Long before she was Carole King: chart-topping music legend, she was Carol Klein: Brooklyn girl with passion and chutzpah. She fought her way into the record business as a teenager and, by the time she reached her twenties, had the husband of her dreams and a hot career writing hits for the biggest acts in rock 'n' roll. But it wasn’t until her fairytale life began to crack that she finally managed to find her true voice. Beautiful tells the inspiring true story of King's rise to stardom, alongside husband and co-writer Gerry Goffin and fellow song writers Barry Mann, and Cynthia Weil, set to the music that made her one of the recording industry’s most enduring icons."