Did you know that Michael Bay works with another production company besides Platinum Dunes? Surprise! He co-founded a company called The Institute and they along with Kalliope Films have produced a special effects driven, 3D adaptation of Hansel and Gretel. Yep, the brother and sister who got lost in the woods are heading to a theater near you — again!

The first official poster has been released for the movie and to say it’s underwhelming would be an understatement. The majority of us have already heard the story of Hansel of Gretel more than once but The Institute wants to add their own twist to it. Not only will the visuals set it a part from previous incarnations but it will have Bay’s “Midas Touch.”

“Hansel and Gretel in 3D” is an action packed visual FX filled version of the classic Grimm Brothers’ fairytale.  In addition to the infamous witch in the gingerbread house, the film showcases the legendary creatures of German mythology. These Teutonic beings will be designed by Joseph C. Pepe, the lead character designer from Avatar.  The film is live action.

The movie is being produced by The Institute and Kalliope Films.  The Institute was co-founded by Michael Bay and Scott Gardenhour.  Kalliope Films was founded by Kira Madallo Sesay. The movie is scheduled for a spring 2011 shoot on location in Germany.  Scott Gardenhour and Kira Madallo Sesay are the producers on the film.  “Hansel and Gretel in 3D” exemplifies The Institute’s motto:  “Where Brand Science Meets Great Storytelling.”

Here’s the teaser poster:

I wonder if at any point during this film will Hansel and Gretal run in slow-motion with assault rifles in their hands? No? Too much?

What do you think of Bay’s Hansel and Gretel? Are you interested in the film?

Source: Coming Soon, Collider