The trailer for Oz: The Great and Powerful is out in the UK. The film is meant to be a prequel to well-known 1939 version, The Wizard of Oz. According to the press release from Walt Disney Pictures:
“Oz: The Great and Powerful” imagines the origins of L. Frank Baum’s beloved character, the Wizard of Oz. When Oscar Diggs (James Franco), a small-time circus magician with dubious ethics, is hurled away from dusty Kansas to the vibrant Land of Oz, he thinks he’s hit the jackpot—fame and fortune are his for the taking—that is until he meets three witches, Theodora (Mila Kunis), Evanora (Rachel Weisz) and Glinda (Michelle Williams), who are not convinced he is the great wizard everyone’s been expecting. Reluctantly drawn into the epic problems facing the Land of Oz and its inhabitants, Oscar must find out who is good and who is evil before it is too late. Putting his magical arts to use through illusion, ingenuity—and even a bit of wizardry—Oscar transforms himself not only into the great and powerful Wizard of Oz but into a better man as well.
This will no doubt extend the Oz franchise to a new generation and bring about some discussion of the theosophical influence on L. Frank Baum’s story (according to John Algeo’s “A Notable Theosophist: L. Frank Baum,” published in The American Theosophist 1986, Baum and his wife became members of the Chicago branch of the Theosophical Society on September 4, 1892). The film is scheduled for release in March 2013.