A live-action imagining of classic the fairy tale

You know the story: A lonely wood carver named Gepetto (Robert Downey Jr.) creates a living wooden puppet, named Pinocchio. But Pinocchio dreams of nothing more than to become a real boy one day...

Warner Bros. at one point were hoping that Tim Burton would helm the project.

Pinocchio has some competition as Guillermo del Toro (Pan's Labyrinth, Hellboy) is prepping an animated stop-motion version of Pinocchio.

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