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Michael Crawford, left, and Andrew Lloyd Webber, pictured here in 2006 on Broadway, first worked together on Phantom of the Opera back in 1986. ((Tina Fineberg/Associated Press))

Michael Crawford, who originated the title role in Andrew Lloyd Webber's The Phantom of the Opera, is reuniting with the composer, but this time for a new stage production of The Wizard of Oz.

Crawford told BBC News that he "didn't hesitate at all" when Webber approached him for the role of the wizard. The two first worked together on Phantom back in 1986.

Webber will also be re-teaming with his old lyricist Tim Rice, who collaborated with the composer on Joseph and the Amazing Technicolor Dreamcoat, Jesus Christ Superstar and Evita.

"Working with him and Tim on a brand new production of this timeless classic is so thrilling and I am already looking forward to starting rehearsals later in the year," said Crawford.

The 68-year-old actor has been busy on Broadway and in London's West End playing different roles over the years.

For his part, Webber says he's hoping to reimagine the stage version in a different way than the 1939 movie starring Judy Garland.

"We will be going a lot further than simply presenting the movie on stage," he said.