The classic French tale follows Belle whose father is taken captive by the Beast after being lost in the woods. The young woman agrees to trade her life for her fathers and ends up falling in love with him. This releases a witch's curse on the Beast, which turned him into the monster.
Guillermo del Toro is also set to direct a different adaption of Beauty and the Beast, which has Emma Stone starring. David Hoberman and Todd Lieberman are producing.
No production schedule has been released.