Mark and Jackman worked together on the Oscars this year, which Jackman hosted and Mark exec-produced. Bicks was part of the Emmy-nominated writing team.
Jackman will play the showman who is often credited with coining the phrase "There's a sucker born every minute" -- he did not in fact come up with the saying, but he promoted hoaxes and found the big-top extravaganza that became the Ringling Bros. and Barnum & Bailey Circus.
The musical will also focus on Barnum's infatuation with singer Jenny Lind. Anne Hathaway is being eyed for that role.
The studio is in talks with British singer-songwriter Mika to write music and lyrics.
Jackman, who won the Tony Award for The Boy from Oz, is determined to make several screen musicals including a David Magee-scripted Carousel remake at Fox 2000. Jackman also wants Hathaway as his female lead in the Rodgers & Hammerstein classic.
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