According to Digitalspy.com, THE WIZARD OF OZ will be re-released in a restored format in 2014 in celebration of the film's 75th anniversay.
The classic film was first released in theaters in 1939 and starred Judy Garland, Frank Morgan, Ray Bolger, Bert Lahr, Jack Haley and Margaret Hamilton.
Warner Bros. Home Video, which currently owns the rights to the film, has announced that they will end shipping of all DVD's and Blu-ray discs beginning May 1st in order to relaunch the video in its newly restored format in 2014. Jeff Baker, theatrical catalog chief said in the statement, "We expect 90-95% consumer awareness, with a kickoff event consistent with only a handful of titles that are considered the crown jewels of our library."
It is unclear whether the re-release will only apply to home media or whether Warner Bros. plans the restored film to be released in movie theaters in 2014.