Looks like Disney is going to be developing a live-action adaptation of Beauty and the Beast. The studio has hired the screenwriter of Danny Boyle's Trance to write the script for the movie which will simply be called The Beast. If you've seen the trailer for Trance, it's a dark looking art heist thriller, which leads me to believe The Beast could be a darker kind of film. But probably not as dark as the one Guilermo del Toro is also developing with Emma Watson in the lead role.
It's should come as no surprise that Disney is doing this! Especially with how successful Oz The Great and Powerful turned out to be. I Imagine that The Best won't be the last live-action fairy tale we see get made either. They are also currently developing a live-action Cinderella film and a Sleeping Beauty movie called Maleficent.