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The Eternal Sunshine of the Spotless Mind auteur will replace original director Stephen Chow, who decided against helming the film due to time constraints.
Rogen told MTV News: "It's f***ing crazy! "Me and [co-writer] Evan [Goldberg] have always been gigantic fans of [Gondry].
"We just like anyone who thinks outside the box, and there's really nobody who thinks more outside the box then he does. He's really a magician in a lot of ways.
"The Green Hornet will be a great combination of both of our movies, of both of our styles."
He added that it would combine his and Goldberg's conversational tone and attempts at action sequences with Gondry's "wild, visual imagination" and "funny awkward sensibility".
Rogen recently denied claims that the film had been axed by Sony when Chow left the production, while Adam Sandler has been tipped for a cameo role in the movie.
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