The studio is currently seeking a new director, although Guillermo del Toro will still be involved as a producer, alongside Denise Di Novi and Alison Greenspan. The filmmaker also co-wrote the script alongside Andrew Davies (Bridget Jones's Diary, The Three Musketeers).
The filmmaker signed on to direct back in February 2012, although he was initially only set to produce before taking on the directorial duties. While no reason was given for his departure from the director's chair, the filmmaker does have a massive number of projects on his slate. He is currently in post-production on his haunted house thriller Crimson Peak, and he is also attached to Haunted Mansion 3D, Frankenstein and Dark Universe, although it isn't known which project will come next.
The earliest version of Beauty and the Beast was written by Gabrielle-Suzanne Barbot de Villeneuve in 18th Century France. The story has been adapted several times over the years, with Disney's 1991 adaptation Beauty and the Beast being one of the few animated movies to receive an Oscar nomination for Best Picture.