Barbra Streisand, Barry Levinson to make 'Gypsy' for STX Entertainment

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Barbra Streisand, Barry Levinson to Revive 'Gypsy' for STX Entertainment

Barbara Streisand has found a new home for her long-planned screen version of the musical Gypsy at STX Entertainment as well as a director for the project in Barry Levinson.

Streisand would play the classic stage mother Mama Rose in a new screen adaptation of the classic 1959 musical by Jule Styne, Stephen Sondheim and Arthur Laurents that contains such signature anthems as "Some People," "Everything's Coming Up Roses" and the show-stopping "Rose's Turn."

Streisand, who will produce with Joel Silver, had been developing the project at Universal, but that studio put it into turnaround in October.

Negotiations are now underway to set it up at STX, The Hollywood Reporter has confirmed.

See photos of Barbra Streisand through the years:

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Barbra Streisand, Barry Levinson to make 'Gypsy' for STX Entertainment
EAST HAMPTON, NY - JULY 06: Barbra Streisand and James Brolin attend the 'And So It Goes' premiere at Guild Hall on July 6, 2014 in East Hampton, New York. (Photo by Sonia Moskowitz/Getty Images)
NEW YORK, NY - NOVEMBER 11: Barbra Streisand attends the Glamour Magazine 23rd annual Women Of The Year gala on November 11, 2013 in New York, United States. (Photo by Paul Zimmerman/WireImage)
Barbra Streisand and Robert Redford appear in a scene from the film "The Way We Were" in this undated handout photo. (AP Photo)
Singer Barbra Streisand performs during her concert in Tel Aviv, Israel, Thursday, June 20, 2013. (AP Photo/Dan Balilty)
Omar Sharif, Barbra Streisand, on-set of the Film, "Funny Girl", 1968
THE TONIGHT SHOW STARRING JIMMY FALLON -- Episode 0124 -- Pictured: Barbra Streisand performs on September 15, 2014 -- (Photo by: Douglas Gorenstein/NBC)
NEW YORK, NY - NOVEMBER 11: Barbra Streisand attends the Glamour Magazine 23rd annual Women Of The Year gala on November 11, 2013 in New York, United States. (Photo by Taylor Hill/FilmMagic)
NEW YORK, NY - NOVEMBER 11: James Brolin and Barbra Streisand attend the Glamour Magazine 23rd annual Women Of The Year gala on November 11, 2013 in New York, United States. (Photo by Taylor Hill/FilmMagic)
NEW YORK, NY - NOVEMBER 11: Singer Barbra Streisand attends Glamour's 23rd annual Women of the Year awards on November 11, 2013 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Glamour)
Barbra Streisand performs on stage at the O2 arena in London on Saturday, June 1, 2013. (Photo by Mark Allan/Invision/AP)
Entertainment star Barbra Streisand speaks during a ceremony at the Hebrew University in Jerusalem after she received an honorary doctorate in Jerusalem, Monday, June 17, 2013. Streisand waded into one of Israel’s touchiest issues Monday on the first major stop of her tour of the country Jewish religious practices that separate men and women. (AP Photo/Dan Balilty)
Entertainment star Barbra Streisand waves during a ceremony at the Hebrew University after she received an honorary doctorate in Jerusalem, Monday, June 17, 2013. Streisand waded into one of Israel’s touchiest issues Monday on the first major stop of her tour of the country Jewish religious practices that separate men and women. (AP Photo/Dan Balilty)
Walter Pidgeon, Barbra Streisand, on-set of the Film, "Funny Girl", 1968
YENTL (1983) MANDY PATINKIN, BARBRA STREISAND YTL 037FOH
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Singer and actress Barbra Streisand
Barbra Streisand, on-set of the Film, "Funny Girl", 1968
BARBRA STREISAND - US actress and singer about 2001
YENTL -1983 BARBRA STREISAND
Barbra Streisand's Greatest Hits album
YENTL -1983 BARBRA STREISAND
Barbra Streisand, Actress and Singer, Portrait, 1979
JOHN WAYNE is congratulated by Barbra Streisand after receiving his Oscar for TRUE GRIT in 1969
barbara streisand and louis amstrong,Hello,dolly
Barbara Streisand, Portrait, On-Set of the Film, "A Star is Born", 1976
BARBRA STREISAND US singer and film actress in December 2012. Photo Jeffrey Mayer
YENTL -1983 BARBRA STREISAND
YENTL -1983 BARBRA STREISAND
Barbara Streisand, On-Set of the Film, "Funny Girl", 1968
YENTL -1983 BARBRA STREISAND
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YENTL -1983 BARBRA STREISAND
THE GUILT TRIP 2012 Paramount Pictures film with Barbra Streisand and Seth Rogen
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YENTL -1983 BARBRA STREISAND
barbara streisand,Yentl
YENTL (1983) BARBRA STREISAND, MANDY PATINKIN YTL 031FOH
YENTL (1983) BARBRA STREISAND, MANDY PATINKIN YTL 029FOH
WHAT'S UP DOC (1972) BARBRA STREISAND WUD 016FOH
WHAT'S UP DOC (1972) BARBRA STREISAND WUD 003
THE MAIN EVENT - 1979 Warner film with Barbra Streisand and Ryan O'Neal
WHAT'S UP DOC (1972) BARBRA STREISAND WUD 001
THE WAY WE WERE (1973) BARBRA STREISAND WWW 027
THE WAY WE WERE (1973) BARBRA STREISAND WWW 026
THE WAY WE WERE BARBRA STREISAND
THE WAY WE WERE (1973) BARBRA STREISAND WWW 021
THE WAY WE WERE (1973) BARBRA STREISAND, ROBERT REDFORD WWW 005
THE WAY WE WERE (1973) BARBRA STREISAND WWW 005 FOH
THE WAY WE WERE (1973) BARBRA STREISAND WWW 004 FOH
THE WAY WE WERE (1973) BARBRA STREISAND, ROBERT REDFORD WWW 003 P
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Richard LaGravanese is writing the screen adaptation on which Streisand is also working.

Based on the 1957 memoir of the famed stripper Gypsy Rose Lee, the musical follows Mama Rose and her two young daughters, Baby June and Louise, as they pursue stardom on the vaudeville circuit as it morphs into burlesque. Rosalind Russell played Mama Rose in a 1962 film version and Bette Midler took on the part in a 1993 TV adaptation.

Levinson, repped by ICM Partners, most recently directed Rock the Kasbah and won an Oscar as director of 1989's Rain Man. Streisand and LaGravenese are repped by CAA.

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