Costumed "Wizard of Oz" characters attend the "Wizard of Oz" 70th Anniversary Emerald Gala on Sept. 24, 2009, in New York. New Line Cinema is making a new adaptation of “The Wonderful Wizard of Oz,” the L. Frank Baum children’s novel, with Nicole Kassell, the visual architect of “Watchmen,” set to direct. (AP Photo/Charles Sykes, File)
NEW YORK (AP) — Are we off to see the wizard, the Wonderful Wizard of Oz — again?
New Line Cinema is making a new adaptation of “The Wonderful Wizard of Oz,” L. Frank Baum children’s novel, with Nicole Kassell, the visual architect of “Watchmen,” set to direct. Baum's 1900 novel, now in the public domain, has spawned many adaptations over the years — most famously, of course, the 1939 MGM musical by Victor Fleming and starring Judy Garland.
Kassell's version will not be a musical. New Line said it will be a “fresh take” and a “reimagining” of “The Wonderful Wizard of Oz.” It will have some advantages, too, since Warner Bros. owns New Line and the 1939 film. That means it can use some trademarked elements like the ruby slippers.
“While the 1939 musical is part of my DNA, I am exhilarated and humbled by the responsibility of re-imagining such a legendary tale," said Kassell in a statement. "The opportunity to examine the original themes — the quest for courage, love, wisdom and home — feels more timely and urgent than ever. These are profoundly iconic shoes to fill, and I am eager to dance alongside these heroes of my childhood as we pave a newly minted yellow brick road!”
Kassell is an executive producer of HBO's “Watchmen” and directed three of its nine episodes, including the pilot. She has worked primarily in television but directed the feature films “The Woodsman" and “A Little Bit of Heaven."
The most recent “Wizard of Oz” film came from the Walt Disney Co.'s “Oz the Great and Powerful” in 2013. Directed by Sam Raimi and starring James Franco, it was set 20 years before the events of the 1939 classic.
Featured Article: Fundamental Analysis7 Stocks It May Be Time To Take Profits On
Should you or shouldn’t you? Many investors are wondering if it’s time to take some profit. With so much uncertainty in the market, there can be a temptation to take your profits and run. That may or may not be a good strategy. It’s true there are some speculative stocks that are going up on nothing but faith, trust, and pixie dust. But there are other stocks that may still be good buys despite continuing to grow.
Since the sell-off caused by the novel coronavirus and subsequent locking down of large portions of the economy, the stock market has recovered nearly all of its losses. The Federal Reserve has done its part by pledging to keep interest rates low for as long as it takes. New housing starts are up. Unemployment is coming down. There seems to be a lot of fuel for market bulls.
Still, if you’ve been holding one of the stocks in this presentation, it may be time for you to take some of the profits you’ve made. Many of the stocks in this presentation are being downgraded by analysts. And that means that there is likely to be downward pressure on the stock price.
View the "7 Stocks It May Be Time To Take Profits On"