No director has been confirmed, although Streisand told the Times she is considering helming the project.
Based on the memoirs of Gypsy Rose Lee, the musical features a book by Arthur Laurents, music by Jule Styne, and lyrics by Stephen Sondheim. Gypsy was originally given a film treatment in 1962 with Rosalind Russell as Rose. Bette Midler starred in the role in a 1993 made-for-TV movie. The show was most recently revived on Broadway in 2008, starring Patti LuPone, who won a Tony Award for her work as Rose.
Streisand appeared on Broadway in I Can Get It For You Wholesale and Funny Girl. Her films include Funny Girl, Funny Lady, Yentl, and Nuts. She has won the Oscar, Grammy, and Emmy Awards, a special Tony Award, and is a recipient of the Kennedy Center Honor.