Deadline
http://www.deadline.com/2013/07/timur-bekmambetov-to-reimagine-wizard-of-oz-as-fantasy-action-miniseries-for-syfy/
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Per Deadline, the premise is a fantasy-action reimagining of the classic story in which a warrior from present day Earth is transported to a post-apocalyptic future Oz, where he must team up with three other warriors – Heartless, Brainless, and Coward – in order to defeat the evil Wizard who has enslaved the land.
Bekmambetov (Night Watch/Day Watch, Abraham Lincoln: Vampire Hunter) is set to executive produce and possibly direct. The search is on for a writer, and the project will be produced by Universal Cable Productions.
Look for more soon!