James Franco is about to add even more to his ever-growing plate.

The Oscar-nominated actor, who will also serve as co-host of the 83rd telecast (Sunday, Feb. 27, 8:30PM on ABC), has reportedly closed a deal to star in the highly-anticipated 'Wizard of Oz' prequel 'Oz: The Great and Powerful,' based on the novel by L. Frank Baum.

The film, in which Franco will chronicle the titular character's early days as a young illusionist, will reteam him with 'Spider-Man' director Sam Raimi, with a script by Mitchell Kapner ('The Whole Nine Yards') and Pulitzer Prize winner David Lindsay-Abaire ('Rabbit Hole').

Robert Downey Jr. was originally set to star in the film, until he dropped out of the project in January. Johnny Depp was rumored as a possible replacement, but reportedly passed.
categories Movies, Cinematical