Magic Mike musical heads to Broadway

Alex Pettyfer, Matthew McConaughey and Channing Tatum starred in the film Magic Mike

A stage musical based on the Steven Soderbergh film Magic Mike is to open on Broadway.

Channing Tatum, star of the film, confirmed the news on Twitter. Released in 2012, the film was based on the actor's early days as a male stripper.

Tatum, 33, will produce the musical alongside Soderbergh, Magic Mike writer Reid Carolin, Gregory Jacobs and Nick Wechsler.

The production team are also working on a sequel to the film.

Tom Kitt and Brian Yorkey, creators of award-winning show Next to Normal, have been signed up to write the songs, while Roberto Aguirre-Sacasa will pen the book.

The Glee writer co-wrote Spider-Man: Turn Off the Dark and the upcoming musical version of American Psycho.

Magic Mike was self-financed by Tatum and Soderbergh and was made for $7 million (£4.5m).

It went on to become a surprise hit, making $167m (£109m) from global ticket sales.

This month Tatum was named the second highest-paid actor in the world by Forbes magazine.

It estimates he earned $60m (£39m) last year, mainly from Magic Mike. It also reports that a chain of Magic Mike bars are in the pipeline.