Let me confirm that Sam Raimi is set to direct Robert Downey Jr in Disney's extravagant 'Wizard of Oz' 3D prequel. I understand that talks to hire Raimi for Oz: The Great And Powerful turned into a deal last night finalized by CAA. It's a coup for new studio bosses Rich Ross and Sean Bailey, who are rolling the dice big-time by hoping that this pic will be a global hit like the billion-dollar-grossing Alice In Wonderland. Downey will play the Wizard Of Oz before he became the Wizard Of Oz circa the 1939 iconic film: he's in fact a circus wrangler transported by tornado to the mysterious world of Oz where he gets mistaken for a know-it-all. This will be Raimi's first firm project since he exited Spider-Man 4, which prompted Sony Pictures to reboot the entire franchise earlier this year. Now the only question is whether Sam Raimi can do what Tim Burton just did.

http://www.deadline.com/hollywood/

It may have possibilities.

My first intention was 'leave the classics alone, Hollyweird!' But after reading it being a Disney movie, I calmed down. Hope it's as good as it sounds.