‘Beauty and the Beast’ filmmaker Bill Condon has been set to take the helm of a new remake of the classic musical ‘Guys and Dolls.’

Set in Depression-era New York, the story centres on a high roller and a small-time gambler as they try to lock down a date and a location for a floating craps game.

The story was most famously brought to life in the 1955 film adaptation that starred Frank Sinatra as Nathan Detroit and the one and only Marlon Brando as Sky Masterton. The adapted stageplay was the birth home of musical classics such as ‘Luck Be A Lady’, ‘Sit Down, You’re Rocking the Boat’ and ‘A Bushell and a Peck’.

In 1992, the revival, starring Nathan Lane and Faith Prince, was nominated for seven Tony Awards and won three, including best direction for a musical and best performance by a leading actress.

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TriStar acquired the rights to the original short stories and the musical with music as well as the remake rights to the 1955 film adaptation from the Samuel Goldwyn company.

John Goldwyn and Marc Toberoff are producing the movie. Nicole Brown and Shary Shirazi are overseeing for the studio.

Condon is best known for his work on the latest version of Disney’s ‘Beauty and the Beast’, ‘Dreamgirls’ which he wrote and directed and penning the movie adaptation of ‘Chicago’. He also co-wrote ‘The Greatest Showman’.