Though Avatar didn’t pick up the best picture award at the Oscars on Sunday, the filmmakers can console themselves by sobbing into the ridiculous pile of money the film is still making and a few technical awards. Even without a big Oscar win, the 3D juggernaut in Hollywood keeps rolling along, as word is now coming in that Warner Bros. is planning on rebooting the holiest of classics: The Wizard of Oz.
And yes, it will be in 3D. From The LA Times:
The studio is examining two existing “Wizard of Oz” projects, with an eye toward giving one of them a modern gloss and moving it toward the screen.
One project, called “Oz,” currently lives at Warner’s New Line label. It’s being produced by Temple Hill, which is behind a little franchise called “Twilight,” and has a script written by Darren Lemke, a writer on the upcoming “Shrek Forever After.”
A second “Wizard of Oz” project, set up at Warners proper, skews a little darker — it’s written by “A History of Violence” screenwriter Josh Olson and focuses on a granddaughter of Dorothy who returns to Oz to fight evil. “Clash of the Titans” producer Basil Iwanyk and his Thunder Road Pictures are behind that one. (“Spawn” creator Todd MacFarlane is potentially involved in a producing capacity, to give you some idea of the tone.)
With these ideas in mind, and Disney’s Alice in Wonderland bringing in over $200 million worldwide this weekend, you can expect Warners to squeeze either of these potential projects into a 3D scheme in order to maximize profits. It only makes sense, considering what the original film did for Technicolor.