The film company and famed music producer jointly announced Aug. 5 that they had acquired the rights to the 1979 album from Roger Waters, the Pink Floyd front man who created the moody masterpiece about a troubled rock star's descent into madness. The two-disc recording was made into an 1982 film, a mix of live action and animation directed by Alan Parker.

Waters will write the book and arrange and orchestrate his music for the stage production.

Harvey Weinstein, Timothy Schmidt, Vice President of Business & Legal Affairs, and Heidi Herman, Director of Creative Affairs will oversee the production on behalf of Miramax.

Few rock albums have achieved the mythic status of "The Wall." Since its release, it has sold over 23 million copies, making it the third best selling album of all time. The record's slavish following would seem to guarantee a healthy audience for the stage show, particularly among males, who make up much of Pink Floyd's fan base.

Pink Floyd was founded in England in 1965 by Syd Barrett, Nick Mason, Roger Waters and Rick Wright. Barrett, who would battle mental illness, left the group in 1968. David Gilmour then joined the group. It achieved massive international success with its 1973 concept album, "The Dark Side of the Moon," which was recorded at Abbey Road and produced by Alan Parsons. The album stayed on the U.S. album charts for 730 weeks. "Moon"'s sound, like that of other Pink Floyd discs, is sonically intricate and overwhelming, and lyrically morose and dystopian. Compositions are as concerned with mood, as they are with melody and rhythm. Other Pink Floyd albums include "Wish You Were Here" and "Animals." Waters announced his intention to turn The Wall into a stage musical as early as 1994.