Sondheim and Furth took the basic structure and overall theme of the original play, but updated it to the years from 1955 to 1980. It now concerned a man named Franklin Shepard who is in 1980 a successful film producer but who made his name as a composer of Broadway musicals and who has become cynical and jaded, losing his friends, including his longtime collaborator, Charlie Kringas. We go backwards through his life and see how Frank has become the man he is now.
The musical Merrily We Roll Along had a troubled preview period, opened on Broadway on November 16, 1981 and ran for only 16 performances. There have been several attempts at revising the show, some of them more successful than others, and several of its songs have become favorites, including "Not a Day Goes By" and "Good Thing Going."