Bullet Pictures, Inc. is producing the new film, which seems to pay homage to Peters' last Tony-nominated and Grammy-winning Broadway outing, the Sam Mendes revival of Gypsy.

In fact, the title of the film is "Coming Up Roses," most of the title of one of the songs from Gypsy's classic Stephen Sondheim-Jule Styne score.

"[I play] a [former] musical comedy performer [who had done] summer stock and second national tours," Peters told Playbill.com. "She has two daughters — one is 15, and the other one is 21. The 15-year-old adores her, and the 21-year-old couldn't wait to get away from her; she got married and moves away."

Peters said with a laugh, "It's sort of a bleak story, but they sing pieces of songs to make themselves feel better."

Lisa Albright is directing the film, which also features Tony nominee Peter Friedman (Ragtime). Peters was last on Broadway in the acclaimed revival of Gypsy, for which she received a 2003 Tony Award nomination for her performance as Rose in the Sam Mendes-directed production. She won her two Tonys for her performances in Andrew Lloyd Webber's Song & Dance and Irving Berlin's Annie Get Your Gun, and she has also starred on Broadway in Mack & Mabel, On the Town, Sunday in the Park with George, The Goodbye Girl and the original production of Stephen Sondheim's Into the Woods. Peters' latest live recording, "Sondheim, Etc., Etc.—Bernadette Peters Live at Carnegie Hall (The Rest of It)," is available on the Angel Records label. Masterworks Broadway has also released a "Legends of Broadway" CD celebrating her theatrical career. Peters' screen credits are numerous.

She is also the co-founder (with Mary Tyler Moore) of the pet adoption charity Broadway Barks and the author of the best-selling "Broadway Barks" and the forthcoming "Stella Is a Star."