Barry Wetcher
Isabella Biedenharn
January 26, 2017 AT 01:00 PM EST

A Broadway musical based on a hit film? Groundbreaking.

Elton John and Paul Rudnick are developing a new Broadway musical based on The Devil Wears Prada, taking inspiration from both Lauren Weisberger’s 2003 novel and the 2006 film starring Meryl Streep and Anne Hathaway. John will compose the music, while Rudnick will write the book and lyrics.

“Re-imagining The Devil Wears Prada for the musical theatre is super exciting,” John says in a release. “I’m a huge fan of both the book and the feature film, and a huge aficionado of the fashion world. I can’t wait to sink my musical teeth into this hunk of popular culture.”

Producers Kevin McCollum and Fox Stage Productions’ Bob Cohen said in a joint statement: “To bring The Devil Wears Prada to the stage, we knew we needed to find artists as inimitable as the characters in the story. We needed artists whose work has run the gamut from music and publishing to drama and fashion. We could only think of two names: Elton John and Paul Rudnick.”

For anyone who may have slept through the last 10 yearsThe Devil Wears Prada is about Andy Sachs, a bright, aspiring journalist who has no idea what she’s signing up for when she accepts a job as assistant to legendary Runway magazine editor-in-chief Miranda Priestly. Thrust into the cutting, glamorous world of high fashion, Andy tries to succeed at her impossible-seeming job while remaining true to herself.

The Devil Wears Prada’s production timeline has not been announced yet, but we’re crossing our fingers they won’t move at a glacial pace. (You know how that thrills us.)

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