Everybody's favorite magical nanny is the latest classic to receive Disney's live-action reboot treatment.
A source has told Mashable that a new Mary Poppins live-action musical is indeed in the works, as first reported by Entertainment Weekly.
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According to EW, the new movie will take place about 20 years after the original Mary Poppins, in Depression-era London. It will draw its storyline from the rest of author P.L. Travers's book series, exploring Mary's adventures with the Banks family following the first book, upon which the 1964 film starring Julie Andrews was based.
The film will also bring back some of the team who brought Into the Woods from Broadway to the cinema: director Rob Marshall, producers John DeLuca and Marc Platt. In addition, Life of Pi screenwriter David Magee will author the script, and Marc Shaiman and Scott Wittman, who worked on Hairspray and Smash, will compose new original songs.
Saving Mr. Banks delved into the at-times difficult relationship between Travers and Walt Disney; the author was famously unhappy with the mogul's adaptation of her best-known work. But the studio is treading lightly this time around, with Marshall and Disney working with the Travers estate to do justice to her work via the new adaptation.
It's still early days, so casting has yet to be announced -- but we'd be lying if we said we didn't hope for Julie Andrews to somehow take up Mary's umbrella once again.