Read the following paragraph and determine if the hypothesis is true:

Somos tu y yo: un nuevo dia is an Venezuelan teen drama series based on the 1978 film "Grease", directed by Randal Kleiser, which in turn is based on the musical by Jim Jacobs and Warren Casey 1971 of the same name. The series stars Sheryl Rubio and Victor Drija. It debuted in its country of origin, Latin America and Europe on August 17, 2009.

Hypothesis: The movie Somos tu y yo: un nuevo dia was based on musicals by Jim Jacobs and Warren Cassey 1971 of the same name.
Yes