Amanda Seyfried confirmed at the Oscars Sunday that she will indeed star in Twilight director Catherine Hardwicke's The Girl With the Red Riding Hood.

Produced by Leonardo DiCaprio's Appian Way, the story is a re-imagining of the classic Little Red Riding Hood story. The script was written by David Leslie Johnson.

The story is an update of Little Red Riding Hood, which has the dark and Gothic elements that make it appeal to Twilight fans, but versatile enough because it's a familiar fairy tale.

No production date has been set.