Disney Sets 3/8/13 Release Date for James Franco Movie ‘Oz: The Great and Powerful’

Mila Kunis will co-star in Sam Raimi's 3D “Wizard of Oz” prequel

Disney has decided when to release its "Wizard of Oz" prequel. Sam Raimi's "Oz: The Great and Powerful" will come out on March 8, 2013.

The movie stars James Franco as the wizard and Mila Kunis as the wicked witch.

Also read: Mila Kunis Joins James Franco in 'Oz, the Great and Powerful'

The film centers around a young magician who is forced to flee from a traveling circus. His hot air balloon gets caught in a tornado, and he winds up in Oz, which is run by a pair of wicked witches.

In this tale, Kunis plays Theodora, a witch who starts off good, like her sister Glinda. But when Franco's character rejects her romantic advances, Theodora goes evil.

Joe Roth is producing the movie. David Lindsay-Abaire ("Rabbit Hole") revised the script.