According to The Hollywood Reporter, McG is in talks to direct and produce the film and is developing it with help from original book and lyrics writer Steven Sater.

Sater and singer/songwriter Duncan Sheik adapted “Awakening” from an 1891 German play. The musical picked up Tonys for best musical, best book, best original score and best actor.

While no studio has been named yet, HR reports McG’s company, Wonderland Sound and Vision, has a first-look deal with Warner Bros but may keep the production independent “in order to make a more intimate, or indeed an edgier, movie.”

The plot of “Awakening” follows a group of 19th-century German teens coming to terms with their sexuality and covers topics including masturbation, abortion, rape and suicide.

The film will be a homecoming of sorts for McG, who got his start as a songwriter and producer (Sugar Ray) and then moved on to directing music videos before scoring hits on the big screen (“Charlie’s Angels,” “We Are Marshall,” “Terminator Salvation”) as well as the small (“The O.C.,” “Chuck,” “Supernatural”).

Read The Hollywood Reporter’s complete coverage here.