Rob Marshall who won an Oscar for Chicago is set to direct with David Magee (Life of Pi) will write the screenplay. The music will be written by Marc Shaiman and Scott Wittman who wrote songs fro Hairspray and the TV series Smash.
The movies is not being called a sequel despite taking place 20 years after the original. Reportadly the movie has the blessing of the Travers estate and Richard Sherman who co-wrote some of the iconic songs from the original movie with his late brother Robert Sherman.
Mary Poppins won 5 Oscars including Best Actress for Julie Andrews and Best Song for Chim Chim Cher-ee by the Sherman Brothers. No word yet on who will be taking over the iconic role.
EW was the first to break the news.