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New "Oz the Great and Powerful" trailer released

James Franco and Michelle Williams in "Oz the Great and Powerful."
Walt Disney Pictures

A new trailer for director Sam Raimi's "Oz the Great and Powerful" has been released online.

The Walt Disney Pictures film is a prequel that stars James Franco as a circus magician from Kansas who finds himself in the Land of Oz. In the magical world he encounters three witches, Theodora, (Mila Kunis), Evanora (Rachel Weisz), and Glinda (Michelle Williams) and transforms from Oscar to the powerful Wizard of Oz.

The newest trailer shows more of the director's version of Oz, which includes various mystical creatures.

The film is scheduled to be released on March 8, 2013.

Tell us: What do you think of the new trailer?