Falsettos Movie (And Spelling Bee)

So in this Playbill interview 

https://playbill.com/article/playbill-on-lines-brief-encounter-with-william-finn-com-329495

William Finn casually mentioned he was doing a Falsettos movie. This has never had any announcement by any studio ever and was clearly shelved. I have to wonder, though, if it was in progress enough that William Finn was talking about it in an interview, what else had been negotiated? Was he just talking out of his ass? If anybody knows about this, or about the Twenty Fifth Annual Putnam County Spelling Bee movie that Disney was supposed to be making, please tell me about it. 

Kad said: "It’s very possible there was some work done on a screenplay or that rights were acquired, which happens all the time for projects that never end up seeing the light of day. It’s also possible Finn was talking out of his ass, as he is prone to doing so. But obviously nothing of note ever came of it, twenty years later."

I feel like people who aren't often interviewed, especially composers since most of them don't perform much, often say just random stuff in interviews 

I mean, when you see William Finn's interviews, he's usually very funny, but he also usually seems like he's in a completely different world

And I swear I remember James Lapine saying he'd discussed doing a sequel to Falsettos with William Finn

And like if he were writing a movie how much would he actually have to do to the material 

But yeah I bet that it was like barely started on development and William Finn probably wasn't even supposed to talk about it yet 

Spelling Bee's been quiet for two years, I wonder how that's coming along?