Conversation so far:
What was Barbra Streisand's involvement with Gypsy?
In January 2011, the New York Post reported that Barbra Streisand was in negotiations to produce, direct and star in a new film version of Gypsy
Did Barbra Streisand want the star role in Gypsy the film?
In an interview with the New York Post, Arthur Laurents said, We've talked about it a lot, and she knows what she's doing. She has my approval.“

Question: What happened next?
Self-contained rewrite: What happened after the negotiations with Streisand for the Gypsy remake?