This is almost profoundly weird news. They've been threatening Wizard of Oz sequels, prequels and remakes for years now and to be completely honest, I never expected any of them to actually come to fruition. With the exception of books and plays like Wicked, The Wizard of Oz has always seemed sacred enough to stave off exploitation. This may be about to change, as Production Weekly has unleashed a little morsel of information on its twitter feed:
"Sam Mendes is the front runner to direct "Oz The Great And Powerful" by Mitchell Kapner, with Robert Downey, Jr. circling to play the Wizard."
Presumably, this will be an origin story for the man behind the curtain himself, the Wizard. I don't see how this is a story that's begging to be told, but at least it's not an out-and-out remake. We can rest easy (for now) on that front. Let's take a quick moment to break this down.