If you own a pair of ruby slippers, and if you click them three times, perhaps you'll find yourself transported to the wonderful land of... Michigan. That's where "Oz The Great and Powerful" is slated to start production, which just so happens to have started -- well, today!

Walt Disney Pictures have issued a press release stating that Sam Raimi's long-awaited "Oz" flick is finally getting underway at the brand new Raleigh Studios in Pontiac, Michigan. James Franco leads an all-star cast that also includes Mila Kunis, Rachel Weisz, Michelle Williams, Zach Braff and newcomer Joey King.

In addition to news of the film beginning production, Disney also released the first official plot summary for Raimi's voyage to "Oz."

“Oz The Great and Powerful” imagines the origins of L. Frank Baum’s beloved character, the Wizard of Oz. When Oscar Diggs (James Franco), a small-time circus magician with dubious ethics, is hurled away from dusty Kansas to the vibrant Land of Oz, he thinks he’s hit the jackpot—fame and fortune are his for the taking—that is until he meets three witches, Theodora (Mila Kunis), Evanora (Rachel Weisz) and Glinda (Michelle Williams), who are not convinced he is the great wizard everyone’s been expecting. Reluctantly drawn into the epic problems facing the Land of Oz and its inhabitants, Oscar must find out who is good and who is evil before it is too late. Putting his magical arts to use through illusion, ingenuity—and even a bit of wizardry—Oscar transforms himself not only into the great and powerful Wizard of Oz but into a better man as well.

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