I know lots of NEWSIES fanatics, and I sympathize...and I think it actually would work better on stage (one reason the film flopped was that the numbers looked "stagy.") But the title has now been branded "flop" and no stage producer would want to be associated with it.
I'm still longing for a CITY OF ANGELS movie, myself. It needs some retooling, but it would work MUCH better on screen than onstage, and it has a great score and marvellous one-liners. (It's also set in that stylized Hollywood era where people were allowed to just burst into song whenever they wanted to.)
I ask in all honesty/What would life be?/Without a song and a dance, what are we?/So I say "Thank you for the music/For giving it to me."