Scorsese is also stepping into the world of 3-D with his film version of the popular book The Invention of Hugo Cabret.

FORBES

What "Hugo Cabret" did for early French cinema, here Selznick reveals a further love of history, specifically for several famous New York City museums.

CNN: 'Hugo' author's latest leaves readers 'Wonderstruck'

His 2007 book, "The Invention of Hugo Cabret, " has sold millions of copies and won a slew of awards including the Caldecott medal, the highest honor for a children's book.

CNN: 'Hugo' author's latest leaves readers 'Wonderstruck'

The young hero, Hugo Cabret, through a series of events outside his control, lives a clandestine life in a grand but unnamed train station in Paris and spends his days winding the enormous clocks which are the unerring reference points for the coming and going of trains connecting all the legendary capitals of Europe across its ancient timeless landscapes.

FORBES: Scorsese's Hugo And The Precious Virtues of Analog Time