In a story from Variety, they report that acclaimed director John Boorman will be directing the a CG-animated version of The Wonderful Wizard of Oz.

This film, based on L. Frank Baum's novel, is budgeted at $25 million.

The Wonderful Wizard of Oz will incorporate all the familiar characters and locales, however, it will not be a musical.

The Wonderful Wizard of Oz is slated for a summer released in 2010.

Evan Jacobs