Walt Disney

Guillermo del Toro does ______ immediately has our time and attention, and usually takes our money.

In this case, the Oscar-winning director for "The Shape of Water" doesn't need our money 'cause we're already giving it to Netflix each month.

According to TheWrap, del Toro has decided to set up his "Pinocchio" passion project at Netflix, with production expected to begin this fall.

The Jim Henson Company and ShadowMachine will work with del Toro on the stop-motion animation production. This will mark del Toro's first time directing (co-directing, with Mark Gustafson) an animated feature film. He's also going to co-write and produce the film, which was described as "a stop-motion musical."

Del Toro created DreamWorks Animation's "Trollhunters" computer-animated series for Netflix, and it sounds like that relationship sealed the deal for the streamer to get this project.

In a statement, Guillermo del Toro told TheWrap more about his vision for the film:

"No art form has influenced my life and my work more than animation and no single character in history has had as deep of a personal connection to me as Pinocchio.

In our story, Pinocchio is an innocent soul with an uncaring father who gets lost in a world he cannot comprehend. He embarks on an extraordinary journey that leaves him with a deep understanding of his father and the real world.

I’ve wanted to make this movie for as long as I can remember. After the incredible experience we have had on ‘Trollhunters,’ I am grateful that the talented team at Netflix is giving me the opportunity of a lifetime to introduce audiences everywhere to my version of this strange puppet-turned-real-boy."

We're all familiar with the 1940 Disney film "Pinocchio," but the children's book "Le avventure di Pinocchio" -- "The Adventures of Pinocchio" -- was published in 1883 by  Italian author Carlo Collodi.

Before winning Best Director and Best Picture last year for "The Shape of Water," del Toro's "Pan's Labyrinth" team won Oscars for makeup, production design, and cinematography. He's pretty discerning about directing features, with a relatively short list from the early 1990s to today, including "Cronos," "Mimic," "Hellboy," "Hellboy II: The Golden Army," "Blade II," "Pacific Rim," and "Crimson Peak."

Want more stuff like this? Like us on Facebook.