The stageshow is scheduled to begin its run at the Old Vic Theater in London next month (Jul16), before transferring to Broadway in January (17). Rudin, who announced the show in April, 2015, has decided to exit over creative differences.

"The production in New York is going to be a transfer of the London production, which is not how we had originally conceived the project when I joined it," he tells the New York Times. "The more it evolved, the more it felt that there was no way for me to do what I like to do, so I asked to withdraw.

"Not every ideal show happens in the ideal circumstances for everyone involved. I wish them well with it. It's a great show, and I'm sure it will be a big hit."

The stageshow will be based on the hit 1993 movie, starring Bill Murray as a grumpy TV weatherman stuck in a time loop. It will feature music and lyrics by Australian entertainer Tim Minchin, who will reunite with his Matilda collaborators, set designer Rob Howell, choreographer Peter Darling and director Matthew Warchus, for the new production.

Meanwhile, Rudin has recently signed on to produce the revival of classic Tennessee Williams play The Glass Menagerie, which will feature Sally Field. He is also working on stageshows The Front Page and Hello, Dolly!.