Collider:

Academy Award winning filmmaker Guillermo del Toro is making his animated feature film directorial debut at Netflix with his lifelong passion project, Pinocchio, which he will also write and produce as a stop-motion musical. Pinocchio will be del Toro’s first feature film since The Shape of Water, which garnered four Academy Awards last year, including for Best Director and Best Picture.

I know that del Toro has been wanting to make Pinocchio for years. Very cool to see the project land at Netflix.

Makes me wonder about that Fox Searchlight deal, though.