Producer Marc Platt, who was also behind Broadway's hit musical "Wicked," will produce the project along with Jeff Kwatinetz, according to The Hollywood reporter.
"Oliver Twist" is one of Dickens' most famous works, which tells a story of an orphan boy, who moves from a life as an exploited child laborer to being under the wings of Fagin, a leader of a gang of London pickpockets.
The popular story has already been adapted by Disney as an animated movie. But the new film will be a modern musical with sources describing it as crossing many genres, including hip-hop.
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