This years Oscar host, James Franco has been cast as the character of The Wizard in Sam Raimi's upcoming 'Wizard of Oz' prequel 'Oz, The Great and Powerful'.
The film is set to start production this summer in July.
Word is that the story will center on a snake-oil salesman who travels to the land of Oz via a hot air balloon and encounters a group of sister witches.
Possibly joining Franco is Mila Kunis who is rumored to be up for the role of the Wicked Witch of the West.
'Oz, The Great and Powerful' is set for a 2013 release.