Variety reports that the television event — set to air in November — will be headed up by executive producer Robert Halmi Sr. of Hallmark Entertainment ( "Gulliver's Travels" and "Merlin"). Menken and Ahrens are onboard for the teleplay.

Shooting begins this summer in Budapest following Grammer's last "Frasier" shoot March 20 and some time off. The deal came as reciprocity for another Grammer Halmi project in the works—"Dr. Jekyl and Mr. Hyde" — which the network had originally passed on.

Grammer was recently reported to be in talks for the plum role of Max Bialystock in the Broadway musical hit The Producers. The actor told Variety that talks continue, though no deal has been struck.

The musicalized version of A Christmas Carol, based on the Charles Dickens classic, was created and directed by the late Mike Ockrent (Crazy For You, Me and My Girl). The adaptation features songs by composer Alan Menken (Beauty and the Beast, Little Shop of Horrors) and lyricist Lynn Ahrens (Ragtime, Once on This Island). The production was overseen by his widow, Susan Stroman, the multi-Tony Award winner (The Producers, Contact) who also provided choreography.

After ten years of performance, the MSG staging ended its traditional holiday run this past season.