It seems like every time you turn around, Guillermo Del Toro is announcing a new project. The Mexican filmmaker has more films lined up at the moment than some directors tackle in a lifetime, and just when you think he can't possibly start something else, along comes an announcement like today's big reveal that he'll be producing a new 3D stop-motion animation version of 'Pinocchio.' How does he do it?

Del Toro tells Deadline that he's teaming up with the Jim Henson Company and Pathe to craft what's going to be an edgier version of the Disney classic, one based on the Carlo Collodi fairy tale and directed by Gris Grimly and Mark Gustafson. Grimly's 2002 illustrated version of Collodi's famous story served as the inspiration for the project. Frequent Del Toro collaborator Matthew Robbins has written the script and musician Nick Cave will serve as musical consultant.

Read on for more details.