Basic cabler TNT is producing “The Wizard of Oz” Nov. 5 as a one-night concert from Lincoln Center that will also air as a TNT spec on Thanksgiving eve and spawn a homevideo and CD.

Sources said Debra Winger is set as the Wicked Witch, Tim Curry as the Cowardly Lion and the Harlem Boys Choir as the Munchkins, with other stars to be announced.

Bradley Siegel, prexy of Turner Network Television and Turner Classic Movies, stated, ‘We’re covering the cost of production, and the Children’s Defense Fund will receive all net proceeds” from the concert and ancillary rights. Turner Home Video, he said, will handle the homevid, while CD rights will depend on the artist roster.

Tickets to the concert are slated to go on sale in October, tentatively tagged at $100-$1,000.

“Oz in Concert” will debut Nov. 22 on TNT, and is skedded for six runs in the following three weeks.

Siegel, whose background is in producing concert events, said Turner has never done anything like this, but admitted, “If this works, we would look for other big-event, holiday-type things that make sense for us.”

Sources pegged the budget in the low seven figures.

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