Based on both "Yes, I Can" (by Davis' widow Altovise Davis) and the performer's own follow-up, "Why Me?," Zadan and Meron — along with New Line Cinema — are "finalizing negotiations with the Davis estate" to make the film, according to the publication. The life of the well-known Rat Pack member and singer of "Candy Man," "I've Gotta Be Me" and "Mr. Bojangles" has been explored on stage and continues to be so in various projects. Direct from Vegas - The Rat Pack centers on the heyday of the trio of schmoozing, boozing and swinging actor-singers Frank Sinatra, Dean Martin and Sammy Davis, Jr. Mr. Bojangles, the Ultimate Entertainer; Sammy & Me, and Ben Vereen's Ben Sings Sammy have all paid tribute to the late legend.

Storyline Entertainment execs Zadan and Meron have produced the television versions of "Cinderella," "Annie" and "The Music Man" as well as the forthcoming "Raisin in the Sun." Among other projects in the works are CBS' "Life as a Song" reality series, a TV version of the musical Peter Pan and a "new Broadway musical," as the producers revealed to Playbill.com columnist Michael Buckley. (For the interview, click here.)