Deadline has reported that the reworking of the classic tale Pinocchio is currently being written by Peter Hedges (What’s Eating Gilbert Grape, About a Boy). Apparently the film will be “loosely based” on the original Pinocchio tale, but with themes of father/son relationship and honesty being central to the story.
The original novel was published in 1883, but there’s nothing about Pinocchio which requires it to be set in the 19th century. And this is not the only live action film based on Pinocchio tentatively being planned by hollywood For a time, Tim Burton was supposedly working on a live-action Pinocchio with Robert Downey Jr. attached to star as Geppetto and Pinocchio. Once Burton was out, Ben Stiller was rumored to direct, but there’s been no recent news for a while now, more as things develop.