Last week it was announced that Spider-Man helmer Sam Raimi was offered the gig of a lifetime. He was given the opportunity to direct the upcoming Wizard of Oz prequel, Oz, The Great and Powerful. Sam Mendes was previously rumored as a top contender for the job but those talks fell through. According to Deadline, it’s been confirmed that Raimi will direct the film and Robert Downey Jr. is still attached to play the title character.

Nikki Finke’s sources claim that the Raimi’s deal was finalized Monday night by CAA. They also stated, “Robert Downey Jr. isn’t set yet. They are going to develop for him, if things go right. The script will be rewritten.” Besides that, the film and the director are a done deal. The studio is hoping for Oz to take off and become a billion dollar success like Tim Burton’s Alice in Wonderland.

Oz the Great and Powerful shows the wizard as a charlatan who’s part of a traveling circus but goes on a similar odyssey as Dorothy when he mysteriously lands in Oz. He’s a ring master who gets swept up in a tornado and lands in the mysterious world where he gets mistaken for a know-it-all. This will be the first directing project that Raimi has accepted since Sony scrapped the Spider-Man 4 sequel.

Can we make this movie happen with these two? RDJ would be the perfect wizard and Raimi can handle any genre of film thrown at him. Perhaps this could be even bigger than Alice in Wonderland?

What do you think of Sam Raimi directing Oz, The Great and Powerful?