Deadline is confirming "Spider-man" director Sam Raimi will direct Disney's 3D prequel to "Wizard of Oz." Entitled "Oz: The Great And Powerful," the film will be develop with the idea of Robert Downey Jr. playing the Wizard of Oz, even though the Iron Man star hasn't officially signed on. Deadline reports the film's plot will focus on the Wizard of Oz before he became the Great And Powerful Wizard - they write "he's in fact a circus wrangler transported by tornado to the mysterious world of Oz where he gets mistaken for a know-it-all." Disney is hoping "Oz" will have the same money-making result as their other re-imagined 3D fantasy, "Alice In Wonderland."

via deadline.com