Paramount/MGM Set Release Date for ‘Hansel & Gretel': March 2, 2012

Will Ferrell/Adam McKay-produced action-comedy stars Jeremy Renner and Gemma Arterton

Paramount and MGM have set a release date for their 3D co-production "Hansel and Gretel: Witch Hunters," with the film debuting on March 2, 2012, according to an MGM rep.

Directed by Tommy Wirkola, and produced by Will Ferrell, Chris Henchy, Adam McKay and Kevin J. Messick, the action-comedy will star Jeremy Renner and Gemma Arterton as fairy-tale icons Hansel and Gretel, 15 years after the incident at the ginger-bread house.

The pair have transformed themselves into lethal bounty hunters focused on witches.

Paramount has worldwide theatrical distribution rights on the live-action film; MGM will keep international television rights.