Baz Luhrmann Deciding Between Doing 'Great Gatsby' Or Mysterious Musical Project

When fans of Baz Luhrmann heard that he was up for directing a new-millennium film version of F. Scott Fitzgerald's classic "The Great Gatsby," let's just say there was an excited shout of joy, collectively. And then when it was rumored that "Romeo + Juliet" star Leonardo DiCaprio might be up for Gatsby, well let's just say wowza! So, when MTV News caught up with Baz at "The Social Network" premiere we tried to get some updates on the project.

"The rumors are out! I've got two going. One is a musical and one is a period work, both based in New York City, and I'm about to make that decision. I've got the script for both of them and I'm making that decision in four to six weeks, no longer than six weeks," he teased, adding that "Gatsby" had no plans to add some singing. "Singing 'Gatsby'? No! 'Gatsby,' it is the Fitzgerald book and I've been working on that quite a lot. The other one is also New York based and music-driven and it's just a question of ... what is the next right step for me."

Getting more info out of Luhrmann was a bit difficult after that. He wouldn't say much about the musical project. And, he also wouldn't weigh in on those Leo/Gatsby rumors. "You know I think of casting all the time, but I put that to the side and I complete the text," he said. "Obviously there are natural choices and there is a natural top of the list, but I really refuse to say anything until we have text right."