Julie Taymor will direct the musical "All You Need is Love" from a Dick Clement and Ian La Frenais script for Revolution Studios, Variety reports. The story will focus on two star-crossed lovers in a 1960s London and will feature 18 Beatles songs. Taymore credits include in Selma Hayek-starrer "Frida" and "Titus," with Anthony Hopkins. The pic is set for a Thanksgiving 2006 release.