Following NBC's announcement of PETER PAN as its next live, mega-TV musical, set to air December 4, 2014, Bill Murray showed us his best singing -- and flying -- chops on LETTERMAN. Check out his 'audition' for the lead role in PETER PAN below!

Today, in honor of this week's eagerly awaited announcement that the next live musical event to be presented on NBC will be the classic 1954 PETER PAN, we take a look at some of the highlights from the high-flying history of the family-friendly musical.

On the heels of an announcement yesterday by NBC that their next live musical would be PETER PAN, speculation has already started on who will play the leads.

Breaking news from the Television Critics Association, NBC has just revealed their next mega-TV musical, executive produced by Craig Zadan and Neil Meron - PETER PAN! The broadcast has been scheduled for December 4, 2014.