'Rocky' Musical Moving Forward

Sylvester Stallone

Sylvester Stallone

Sylvester Stallone is among the people behind the stage adaptation of the Oscar-winning film.

Is Rocky the latest property to be turned into a musical?

Apparently so. Lynn Ahrens and Stephen Flaherty, the Tony Award-winning songwriting team, with Tony-winning book writer Thomas Meehan are adapting the Sylvester Stallone drama for the stage, the New York Times reports.

According to Meehan and produer Barbara Darwall, a private reading was held in New York earlier this year. Stallone, who played the title character in the 1976 Oscar-winning film, is also producing.

And with the reading deemed a creative success, the team is moving ahead with launching the musical in Germany in fall 2012. The Rocky musical then may travel to Broadway in spring 2013.

Stage Entertainment, a European producer, is the lead producer, Darwall told the Times.

According to Meehan, the project has been in the works for at least eight years when Stallone, who holds the rights to the story, called him inquiring about making a Rocky musical.