Though his name resides in the title, Guillermo del Toro was original set to only co-write and produce Guillermo Del Toro's Pinocchio, a 3D stop-motion retelling of the classic fairytale. He has now stepped into the director's chair, alongside Mark Gustafson, who is serving as a co-director.

The Jim Henson Company is producing this revamped adventure, which is set to begin filming next summer. The story will take place between WWI and WWII in Italy, a time when "Everyone was behaving like a puppet, except for puppets," Guillermo del Toro has stated.

Guillermo Del Toro's Pinocchio has been in development since 2008. Gris Grimly, artist of the book this particular version of the story is based on, and Adam Parrish King were set as the film's original directors last year. Guillermo del Toro has stepped in to direct due to the complexity of the project.

Matthew Robbins wrote the screenplay from a story by Guillermo del Toro, which finds the puppet traveling the world, proving himself to be as indestructible as his love for his human father.

The film will be shopped at this year's Cannes Film Festival. Nick Cave is serving as the musical director. Guillermo Del Toro's Pinocchio does not have a set release date, but don't expect to see it until 2015 or 2016.