Is Baz Luhrmann recutting his 2008 movie Australia as a Hulu limited series?

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The New York Times "Carpetbagger" film reporter Kyle Buchanan tweets of Luhrmann's 2008 epic romantic historical film starring Nicole Kidman and Hugh Jackman: "So I’m hearing that Baz Luhrmann is re-editing his 2008 movie AUSTRALIA as a 2021 limited series for Hulu.... did we know this already?"