Cranston, who won the 2014 Tony Award as Best Actor in a Play for his performance as President Lyndon B. Johnson in Robert Schenkkan's All the Way, made the comment during the Play.it podcast Ipso Facto with Robert Wuhl, conducted July 18 and posted August 1. Actor and host Robert Wuhl was interviewing Cranston about his new movie The Infiltrator, his next projects and more.
Listen to the podcast here. The key passage occurs at the 1:06:20 mark.
When Wuhl asked Cranston what he plans on doing next, his guest replied, “I do not know… there are discussions, we are thinking of something, unusual. I want to do something that’s not in my wheelhouse and something that scares me a little bit—[something] that I have always thought about. It’s too preliminary to be able to say.”
When Wuhl asked if he was thinking about doing a Broadway musical, Cranston said he’s “thinking about a [musical] revival… Yes, it’s going to be fun. I think it’s going to come together, I really do. And I’ve got some ideas about it that I’ve pitched, and those are going over very well… it’s like, ‘Wow, this would be … a reimagining of an old chestnut.’”
He didn't specify the title.
Though Cranston never appeared in a Broadway musical, he is listed as one of the producers for the current Broadway tuner Finding Neverland. He also appeared in the 2012 film adaptation of the Broadway musical Rock of Ages as Mayor Mike Whitmore.
Cranston recreated his Tony-winning role in the 2016 TV adaptation of All the Way. He starred as writer Dalton Trumbo in the 2015 film Trumbo, which earned him a nomination for the Best Actor Oscar in 2015. His hit TV shows also include Malcolm in the Middle and The Family Guy.