Bill Condon, most known for his work on “Twilight” and “The Fifth Estate” has officially signed on for a live-action film of “Beauty and the Beast.”

The famous animated “Beauty and the Beast” film opened in theaters in 1991, and went on to earn $425 million worldwide.

The decision to move forward with the project is likely due to the recent success of “Maleficent” which released in theaters last month. It topped the box office on its opening weekend earning over $170 million worldwide. Disney has also had wide success with live-action versions of “Wizard of Oz” and “Alice in Wonderlands.”

There is already a live-action “Jungle Book” project in the works and reportedly a “Cinderella” film as well.

Director, Condon, is no stranger to musicals either. His 2006 hit Dreamgirls, based on the Broadway musical, was a worldwide success.

Let’s just hope the new project will not look like this: