Tony and Olivier Award-winning Matilda director Matthew Warchus is shepherding the project about a weatherman who finds himself reliving the same day over and over.
It had at one-time been reported that Tony and Pulitzer Prize-winning composer-lyricist Stephen Sondheim was mulling a musical adaptation of the property that starred Bill Murray on screen.
The creators will gather for a workshop in the spring. Once the production is on its feet, Warchus stated that he would determine whether the show would be bound for the London or New York stage first.
