Raimi, director of "The Evil Dead" and three "Spider-man" movies, will undoubtedly bring his penchant for darkly whimsical storytelling to the film, which Disney says "imagines the origins" of the man behind the curtain.
A creepy flying monkey is clearly the breakout star of this first trailer, but Mila Kunis, Rachel Weisz and Michelle Williams also get in some screen time as the three witches Theodora, Evanora and Glinda.
"Oz" will hit theaters in March 2013.
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