Here's a rundown from last I chatted about projects with various people:
ANNIE -- the Smith fam still wants to do it but aren't pushing. (ie not a passion project but a vehicle, just as Karate Kid was. Besides, Will is going to be too busy promoting MIB 3 and has other projects coming up for himself)
BYE BYE BIRDIE -- dead. Dead dead dead dead dead. There have been many drafts of this over the years and they're not good enough. In my opinion, all the drafts I've read have been adapted SOOO off-track from the source material that they may as well just write a brand new original story and new songs. To make this show "current" is pointless if they're going to keep ANY of the score the same. Shankman is like the eighth director who is pursuing it, but Shankman doesn't really have many other film projects on his plate, so for him it's this, nothing, or something that wouls ACTUALLY get greenlit.
MAMMA MIA 2 -- not happening.
HAIRSPRAY 2 -- not happening.
GREASE 3 -- there will be news about this soon. There's studio interest (once again) but I don't believe they liked any previous draft well enough to greenlight it. Just like we've seen before, there will probably be a small mention in the Hollywood Reports or in Entertainment Weekly and then it'll go away again.
BOB THE MUSICAL -- Shaiman wrote it and hopefully it'll actually happen this time.
A FUNNY THING HAPPENED ON THE WAY TO THE FORUM -- a new script was supposedly sent to Jack Black.
WICKED -- last year there were some meetings to narrow down a list of directors (too early, IMO) but don't expect the movie to happen until at least 4 years from now.
JESUS CHRIST SUPERSTAR -- Nope.
SUNSET BOULEVARD -- Webber can't get it made. He's tried SO many times, but it's never gonna happen.
AMERICAN IDIOT -- there are meetings about it this year but I'm sure they're just to appease Green Day. I don't think this will happen.
IN THE HEIGHTS -- this is one project where I haven't gotten ANY inside news since the studio announced it dropped it. Lin said he was pursuing another studio and didn't seem worried. I think this property more than ANY OTHER deserves to get made into a feature musical, and would be VERY successful.
JERSEY BOYS -- there is still interest in this from a certain director but I'm not sure where he stands with the studio.
GUYS & DOLLS -- Hugh Jackman was going to do it. I'm told that the studio told him that if he was still unavailable that they would pursue other talent. It's been speculated that such talent included Usher and Justin Timberlake.
A STAR IS BORN -- can't remember who it was, but they were in negotiations with some name to do it.
"The Spectacle has, indeed, an emotional attraction of its own, but, of all the parts, it is the least artistic, and connected least with the art of poetry. For the power of Tragedy, we may be sure, is felt even apart from representation and actors. Besides, the production of spectacular effects depends more on the art of the stage machinist than on that of the poet."
--Aristotle