Four Weddings And A Funeral producer Duncan Kenworthy andtheatre impresarioCameron Mackintosh are to produce a new Columbia Pictures version of the classic musical My Fair Lady.

CBS Films, which owns the rights to the musical,will help develop the film which Sony will distribute. Keira Knightley is rumoured to be in talks to star as Eliza Doolittle with shooting taking place at locations across London.

The new version of Lerner and Loewe's musical will use songs from the original 1956 Broadway show and will lean heavily on George Bernard Shaw's Pygmalion on which the musical is based.

George Cukor's 1964 original film starred Audrey Hepburn and Rex Harrison and picked up eight Oscars. Its classic score includedsongs such as Wouldn't it Be Loverly,On The Street Where You Live, I Could Have Danced All Night, and Get Me to the Church on Time

Kenworthy has produced three of the most successful films in UK film history, Four Weddings And A Funeral, Love Actually and Notting Hill.

Mackintosh has produced two stage revivals of My Fair Lady among a long lists of hits in London's West End and on Broadway.