Walt Disney Pictures has announced that Sam Raimi's Oz, the Great and Powerful will be released on March 8, 2013.
The film already has most of its cast, including James Franco as the Wizard, Mila Kunis as Theodora, Rachel Weisz as Evanora, and Michelle Williams is in talks to play Glinda.
Oz, the Great and Powerful focuses on the Wizard's humble beginnings in Omaha as a circus wrangler. He is transported to the magical Oz after an air balloon accident.
Filming will start this July for the 2013 release.