Mila Kunis set for ‘Wizard of Oz’ prequel

Actress wraps deal to star opposite James Franco in Disney pic

Disney has one witch down, two more to go.

The Mouse House officially wrapped up negotiations with Mila Kunis late last week to play Theodora, one of three witches, in “Oz: The Great and Powerful,” a prequel to “The Wizard of Oz” that Sam Raimi starts helming this summer.

Kunis, who is coming off awards contender and indie B.O. hit “Black Swan,” and will next be seen in Screen Gems’ “Friends With Benefits,” had been circling the project for some time but had been holding off to figure out the timing of other projects, including Warner Bros.’ adaptation of “Akira,” by the Hughes Brothers (for whom she made “Book of Eli”), and Seth MacFarlane’s comedy “Ted,” with Mark Wahlberg, Joel McHale and Adam Scott, at Universal. It had also been unclear which of the three sister witches she would portray.

The studio has started considering other actresses for the other sister roles, including Olivia Wilde, Amy Adams, Kate Beckinsale, Keira Knightley and Rebecca Hall.

Adams is now set to play Lois Lane in Zack Snyder’s Superman reboot.

In “Oz,” Kunis will co-star opposite James Franco. He portrays a fast-talking snake oil salesman and illusionist who flees a traveling circus and is whisked away in a hot air balloon by a tornado to Oz, where he must face off against the sisters battling for control of the magical land.

Mitchell Kapner penned the “Oz” script, which has since been revised by David Lindsay-Abaire (“Rabbit Hole”). Joe Roth (“Alice in Wonderland”) produces. No release date has yet been set, but Disney is eager to have “Oz” follow in the footsteps of “Alice,” which broke the $1 billion mark at the B.O.

Kunis is repped by CAA and Curtis Talent Management.