'Bombay Dreams' heads to big screen

Webber musical features music by 'Slumdog's' A.R. Rahman

CANNES -- "Bombay Dreams," the stage musical produced by Andrew Lloyd Webber with music from Oscar-winner A.R. Rahman, is getting the big-screen treatment via Beverly Hills-based production company Marquee Pictures.

Deepa Mehta will direct the film, Marquee's first theatrical release, from a screenplay by "Monson Wedding" writer Sabrina Dhawan.

The musical hit the London stage in 2002 and ran for two years. In 2004, it was produced on Broadway, where it picked up three Tonys.

Marquee, established with an eye toward transferring stage musicals to film, is headed by former Universal executive Jeff Segal, former ICM agent and producer Steve Waterman, Arclight Films president Gary Hamilton and Azure Media Group chairman Steve Wilkinson. Jack Crosby, former chairman of the Sundance Film Institute, serves as Marquee chairman.

The "Bombay" film adaptation will be produced in association with Webber's Really Useful Group and also is expected to take on an Indian production partner.

Principal photography of the Bombay-set romantic tale is set for 2011 in Mumbai.

Arclight is repping sales of the film outside the U.S.