Guillermo del Toro to Direct ‘Beauty and the Beast’ for Warner’s

Guillermo del Toro, long attached to produce, will direct “Beauty and the Beast,” now in development at Warner Bros.

Guillermo del Toro, long attached to produce a new version of "Beauty and the Beast" for Warner Bros., has signed on to direct the movie, TheWrap has confirmed.

Andrew Davies, who adapted Evelyn Waugh's "Brideshead Revisited," Alexander Dumas' "The Three Musketeers" and Helen Fielding's "Bridget Jones' Diary" for the big screen, will write the latest iteration of the fairy tale.

Emma Watson, who has long been loosely attached to the project, is in negotiations to formalize her involvement.

Also read: Legendary Makes Deal for Guillermo del Toro 'Pacific Rim' Toys

Del Toro is now directing the big-budget action film "Pacific Rim" for Legendary Entertainment.

Along with del Toro, Denise Di Novi is producing through her Di Novi Pictures.

The movie remains in development.

On Jan. 13, Disney released a 3D version of its 1991 animated "Beauty and the Beast." So far, the re-release has grossed $46.5 million domestically.

Variety first reported the news.