Page Six has the story today:
Tom Cruise's "Cocktail" is to be turned into a Broadway musical by legendary producer Marty Richards -- and Katie Holmes could be up for a role. The '80s movie is being adapted by Heywood Gould, who wrote the original book and film. Gould told us, "I am writing it as we speak. Marty Richards is on board and he's working on the score. It's far too early to talk about casting. We haven't approached anybody yet. But I do like Katie Holmes." Gould was guest of honor at the other night's "Cocktail" 20th anniversary party at TGI Friday's at Penn Station.