It's a love story set to music. Memphis the Musical is based on the life of Dewey Philips, the Memphis DJ responsible for putting rock 'n roll hits on the radio. Soon it will be made into a feature film.

"It's definitely going to be a musical film.  But it's probably going to be more drama with music in it, more like Walk the Line or Dream Girls where the music is organic to the story," explains Molly Smith.

Smith is a native Memphian and a successful movie producer for Alcon Entertainment. Her new movie Beautiful Creatures comes out in February. She was an executive producer on the mega hit The Blind Side.

The Blind Side was set in Memphis, but filmed in Georgia. Smith hopes to keep Memphis in Memphis.

"Tennessee has just been one of those states that unfortunately has been a little harder to bring films to in the past couple years.  I've had to take a couple films to Georgia and Louisiana because of more competitive tax incentives," she says.

Movie making is expensive, and Smith wants every dollar to go to the screen.

Her last movie filmed in Louisiana and saw a 32 percent tax rebate. She says right now, Tennessee only offers 15 percent.

Lynn Sitler with the Shelby County and Memphis Film Commission says both mayors and state officials are working together to bring Memphis to Memphis.

Smith is optimistic, "Memphis is a character in this story.  It's all set on Beale Street so it would be great to work this out and do it there."

She says shooting movies on location means using local vendors and an influx of jobs.

"As a Memphian born and raised in Memphis, I've always dreamed of doing something and shooting in Memphis.  Filmmakers like Craig Brewer have had the pleasure of shooting in Memphis.  Of course it would be a tragedy to not do something called Memphis in Memphis."