BREAKING NEWS: Clive Davis Bringing MY FAIR LADY Back to Broadway in 2014!

According to the Los Angeles Times, Eliza Doolittle might be heading back to Broadway in the near future, as music industry legend Clive Davis has just announced plans to produce My Fair Lady in 2014. He told LAT: "I always wanted to produce a Broadway show, and I've never done it. I'm hopeful we will prepare and finalize everything this year to bring 'My Fair Lady' next year to Broadway with a stellar cast."

On what inspired this project, he continued "I was always hoping that the tradition of great musicals giving birth to songs that are part of the fabric of our culture would continue. But that has not happened. We've had hit Broadway shows, but the scores have not really been up to that golden-era tradition. So since that has not occurred, I really want to make sure that the greatest musical of all time - which to me is 'My Fair Lady' - can show once again why a classic can be as meaningful half a century later as it was when it originally opened. I look forward to that."

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My Fair Lady is a musical based upon George Bernard Shaw 's Pygmalion and with book and lyrics by Alan Jay Lerner and music by Frederick Loewe. The story concerns Eliza Doolittle, a Cockney flower girl who takes speech lessons from professor Henry Higgins, a phoneticist, so that she may pass as a well-born lady. The musical's 1956 Broadway production was a hit, setting what was then the record for the longest run of any major musical theatre production in history. It was followed by a hit London production, a popular film version, and numerous revivals. It has been called "the perfect musical".

Davis has won five Grammy Awards and is a member of the Rock and Roll Hall of Fame as a non-performer. From 1967 to 1973 he was the President of Columbia Records. He was the founder and president of Arista Records from 1975 through 2000 until founding J Records. From 2002 until April 2008, Davis was the Chairman and CEO of the RCA Music Group (which included RCA Records, J Records and Arista Records), Chairman and CEO of J Records, and Chairman and CEO of BMG North America. Currently Davis is the Chief Creative Officer of Sony Music Entertainment. He currently plays a part in the careers of Aretha Franklin, Rod Stewart, Alicia Keys, Barry Manilow, Christina Aguilera, Carlos Santana, Kelly Clarkson, Harry Connick, Jr., Leona Lewis , Jennifer Hudson , BC Jean, Cassidy (rapper), Mario Barrett and Seattle De Luc A. Davis is credited with bringing Whitney Houston to prominence.