Love the book, not a huge fan of the musical, intrigued by the movie.
The live signing thing is somewhat hyperbolic. For one thing, prior to sufficient technology it was the norm for musicals to record live, so it was definitely done way back when. But it has been done to various degrees since, though possibly not in a major mainstream musical.
I did find it interesting that Russell Crowe was never shown singing (in the extended preview thing).
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