After fiddling around with some of his own projects, it looks like Sam Raimi is ready to return to a franchise. Going big, he's in talks with Disney to direct the prequel to the Wizard of Oz, Oz, the Great and Powerful.
Sam Raimi Might Direct Oz, the Great and Powerful
Oz, the Great and Powerful, based upon the 1939 classic film, tells the story of a circus wrangler who is transported via tornado to the mysterious land of Oz, where he is mistaken for an all-knowing Wizard. Iron Man thesp Robert Downey Jr. has long been rumored as a possible star, though no casting decisions have been made yet.
Disney, however, is hoping to get the ball rolling. With their last remake, Alice in Wonderland, making $1 billion worldwide, they are eager to get another big remake, prequel or sequel going.