Weinstein previously tapped the Storyline duo for the "Guys and Dolls" remake but the baseball tuner will come to the plate first.
The 1955 musical concerns a die-hard Washington Senators fan who sells his soul to the devil so his team can finally topple the Yankees and win the pennant. Its original incarnation, with music and lyrics by Richard Adler and Jerry Ross and book by George Abbott and Douglass Wallop, won seven Tony Awards. Wallop wrote the novel on which it was based.
The original "Damn Yankees" was choreographed by Bob Fosse, who did the same with "Chicago." Rob Marshall, who directed the Oscar-winning pic "Chicago," choreographed the 1994 Broadway revival of "Damn Yankees." The musical was first adapted to the screen in 1958; that Warner Bros. film starred Tab Hunter, Gwen Verdon and Ray Walston.
"I see us updating 'Damn Yankees,' modernizing it and really having fun with the role of the devil," Weinstein said.