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Live-Action PINOCCHIO May Team Paul Thomas Anderson and Robert Downey Jr

News is coming in from multiple outlets ‘Inherent Vice’ and ‘There Will Be Blood’ filmmaker Paul Thomas Anderson has been tapped to pen and potentially direct ‘Pinocchio,’ Warner’s live-action re-imagining that has Robert Downey Jr. set to play Geppetto.

The film, which has been in development for a number of years now, will re-tell Carlo Collodi’s 1883 children’s book about a wooden puppet who wants to become a human boy.

Michael Mitnick (‘The Giver’), Bryan Fuller (‘Hannibal,’ ‘Pushing Daisies’) and ‘X-Men: First Class’ and ‘Kick-Ass’ screenwriter Jane Goldman all penned earlier drafts of the script.

Downey Jr., along with his wife and producing partner Susan Downey, will produce alongside Dan Jinks (‘Milk’).

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