The first theatrical poster for Disney’s upcoming movie Oz: The Great and Powerful has just recently been released, and it looks awesome. The movie isn’t set to be released in theaters until March 8, 2013, but after reading the synopsis and checking out the cast, I can confidently say that I am already looking forward to it.

Here is what we know about this upcoming movie so far:

Disney’s fantastical adventure Oz: The Great and Powerful, directed by Sam Raimi, 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.

While looking around on YouTube I found a video of James Franco and Mila Kunis talking about what it has been like so far to make this movie. Check out what they have to say about it below:

Are you looking forward to Oz: The Great and Powerful?