Guillermo del Toro, The Jim Henson Company and Pathe are ready to go on Pinocchio, a 3D stop motion animated adaptation of the Carlo Collodi fairy tale that will be edgier than the 1940 animated Disney classic, reports Deadline who also includes a ton of quotes from Del Toro.

As first reported exclusively here on Bloody Disgusting in 2008, Gris Grimly will co-direct with Mark Gustafson, and production will begin later this year. Grimly illustrated a 2002 book of Collodi’s tale that formed the basis for a project that is years in the making.

This version is aimed at an audience 10 years and up, and a bit scarier than the Disney film. Australian rock musician and film composer Nick Cave has signed on to be music consultant and the puppets and 3D elements will be developed with MacKinnon and Saunders, the UK-based facility that worked on The Fantastic Mr. Fox, Tim Burton’s Corpse Bride, and the upcoming Frankenweenie.

In Grimly’s version, once there was a lonely woodcutter named Geppetto-who dreamed of having a boy of his own. So one day he carved a boy out of wood and named him Pinocchio.When the puppet comes to life, it’s Geppetto’s dream come true.Except Pinocchio turns out to be not such a nice boy after all. Pinocchio enjoys nothing better than creating mischief and playing mean tricks. As he discovers, being bad is much more fun than being good. For a while, anyway. Happily for Pinocchio, he will learn that there is much more to being a real boy than having fun.