By Solvej Schou
Updated November 02, 2012 at 07:34 PM EDT
Jason Merritt/Getty Images

What’s going on with Jon Favreau’s feature film adaptation of the popular Broadway musical Jersey Boys?

EW can confirm that the movie based on the story of Frankie Valli and the Four Seasons is in flux, according to inside sources on Friday.

Variety reported Thursday that Warner Bros. put the film into turnaround just a matter of weeks after signing GK Films to an exclusive first-look deal for one year and acquiring Jersey Boys, being produced by GK Films and its head Graham King. When reached by EW, a rep for Warner Bros. had no comment, and GK Films would neither confirm nor deny the report. A text by EW to Favreau was not immediately returned.

The movie, with Favreau on board as director, comes from a script by Hugo writer John Logan, and has been shopped around for years, going from Sony to Warner Bros., according to Variety. Now other another studio may jump in.

Jukebox show Jersey Boys opened on Broadway in 2005 and is the 25th-longest running musical on Broadway. It won the Best Musical Tony Award in 2006.

For more film news Follow @solvej_schou

Read more: