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‘Aladdin’ Coming to Broadway in Overhauled Version With New Creative Team (Exclusive)

"Aladdin" will be substantially reimagined from the version that premiered in Seattle in 2011

"Aladdin" is taking those three magical wishes to Broadway in a new stage show that will be substantially overhauled from an earlier version that premiered two years ago in Seattle.

The new version of the 1992 Disney animated hit will hit the Great White Way in spring 2014, according to an individual with knowledge of the production plans. It will replace "Mary Poppins" at the Disney-owned New Amsterdam Theater, the individual said.  The stage version of P.L. Travers' children's book will close in March 3 after more than 2,600 performances.

A stage show of "Aladdin" that integrated the movie's original score by Alan Menken, Tim Rice and Howard Ashman premiered on stage at Seattle's 5th Avenue Theatre in 2011. Chad Beguelin ("The Wedding Singer") wrote the book for that production and Casey Nicholaw ("The Book of Mormon") directed and choreographed the show.

However, the version of "Aladdin" that hits Broadway next year will be substantially overhauled and will not be a transfer of the 5th Avenue production, the individual said. That show was seen as a pilot production, designed to test the new book and additional score material. The Broadway production will involve a major new key player on the creative team, the individual said.

A spokesman for The Disney Theatrical Group did not immediately respond to requests for comment.

Although "Mary Poppins" is closing to make way for "Aladdin," it remains a moneymaker for Disney. Every year since it opened in 2006, it has ranked among the 10 highest grossing shows and among the five best attended. By the time it closes, it will have grossed more than $300 million, putting it on the level of other hits like "Jersey Boys" and "Wicked." It has also earned more than $835 million worldwide.

The North American tour of "Mary Poppins" will end in June 2013 in Anchorage.

The New York Post first reported that "Mary Poppins" will close and be replaced by "Aladdin."

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