The story will be set before the events of Charlie and the Chocolate Factory, following Willy Wonka in his early adventures prior to meeting Charlie.
While Warner Brothers is obviously thinking franchise, the involvement of King is certainly reason to be interested.
King has a lot of buzz to his name, especially after Paddington 2 blew away critics and did well at the box office. The movie holds an astounding 100 percent rating on Rotten Tomatoes, a record, and has made more than $205 million worldwide to date. Honed on cult British comedy show The Mighty Boosh and brought to breathtaking scale in the Paddingtons, King's directing leans towards the mischievous and weird, achieving results with imaginative staging and old-school filmmaking tricks rather than visual effects (though he's no stranger to those either). The Wonka character became so indelible in culture that the 1971 film adaptation of the book was titled Willy Wonka and the Chocolate Factory.
There will undoubtedly be resistance to the idea that yet another rebooted iteration of Willy Wonka has been placed on an industry pipeline already full of reboots. The Johnny Depp-starring remake by Tim Burton is widely considered as a bit of a misstep, though it does benefit from having the Oompa Loompa sing versions of the songs from the book in all their misanthropic glory. Recent Oscar nominee Guillermo del Toro penned the screenplay, and Back to the Future helmer Robert Zemeckis is being courted to direct.