One of Broadway's most prolific stars, Hugh Jackman, will not be starring as the lead character in the new musical 'Houdini'.

The production, depicting the life of Harry Houdini, is scheduled to hit the stage as soon as the 2014-15 season.

However, losing Jackman is a huge blow and could cause the musical to be postponed.

The 'X-Men' actor, who has been connected to the project since 2012, released a statement explaining his exit. "I have greatly enjoyed the collaborative process on 'Houdini'," said Jackman, (via The Hollywood Reporter).

"Ultimately, though, I wasn't able to commit to the time this role will require. I have tremendous respect and admiration for the creative team and I wish everyone the best. I know they're well on their way to making something extraordinary."

"Hugh has been terrific to have on this part of the journey," added lead producer Scott Sanders. "We will continue to move forward with our remarkable creative team, as they craft this ambitious new musical."

This isn't the first withdrawal from the show, as Oscar-winning writer, Aaron Sorkin, left the musical in January of this year (2013) due to scheduling conflicts.

At the time Sorkin released a statement that read, "I was really looking forward to returning to Broadway and working with such an incredible team. I am very disappointed my schedule won't allow that at this time."

David Ives, who wrote 'Venus In Fur', has stepped in to replace Sorkin. Jack O'Brien, who directed 'Hairspray', will be at the helm of the new production and the score has been composed by Tony winner Stephen Schwartz.

Hugh Jackman
Jackman will not be starring in the musical 'Houdini'