Grab your carpet bag and umbrella, and prepare to jump through a chalk drawing, Mary Poppins is getting ready to fly on another adventure with the Banks family.

Entertainment Weekly reports that Disney is developing a new live-action musical film that will continue the famous magical nanny's story. The new movie will be set in Depression-era London, roughly 20 years after Mary Poppins' end, with the rest of author P.L. Travers' Poppins library providing story material.

So rest easy, nay-sayers: it's not a reboot and it's not being developed as a sequel.

Rob Marshall, who directed Disney's screen adaptation of Into the Woods is on board to direct, while Marc Shaiman and Scott Wittman of Hairspray and Smash fame will compose original songs and a new score for the film. Life of Pi's David Magee will pen the screenplay.

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Disney and Marshall are already working with Travers' estate and have gotten the go-ahead from Mary Poppins co-composer Richard Sherman. Sherman wrote those classic tunes Feed the Birds and Supercalifragilisticexpialidocious with his late brother, Robert. Disney previously told the story of Travers' meetings with Walt Disney as he persuaded her to let him make Mary Poppins with 2013's Saving Mr. Banks. In addition to the 1964 film, Mary was brought to life in a stage musical in 2004.

The only question we have is: who could possibly take Julie Andrews' place in the nursery?

Video: Mary Poppins' child actress dishes on the experience

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