Robert Downey Jr. no longer attached to this film...
"We also knew that the movie would focus on a younger wizard, and his origins in the Land of Oz. Thanks to the Hollywood Cog, we now know quite a few details about Mitchell Kapner’s story, which would have the Wizard — a snake-oil salesman posing as a magician — enter Oz via a hot-air balloon, which he uses to escape an angry husband who has found out that Oz slept with his wife. There, Oz — a fast-talking huckster who wears a velveteen frock coat (yes, I can see that) — falls in love with Glinda (the Good Witch), and the two combine forces to Fight the Evil Witches Evanora and Theodora. Theodora starts out as a good witch, but after Oz jilts her sexual advances, Evanora — the truly evil witch — convinces Theodora to become an evil witch with her and help her to rule all of Oz."
I think Robert Downey Jr. is perfect for this role!!!
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