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Jul 20, 2011 at 12:55pm IST

Watson in 'Beauty And The Beast' adaptation

London: After "Harry Potter", actress Emma Watson is all set to star in a new film adaptation of "Beauty and the Beast".

Contactmusic.com reports that she will take the lead role in a new version of the traditional fairytale and "Lord of the Rings" director Guillermo Del Toro will helm the project.

While the 21-year-old has no leading roles lined up, she has two small parts in "The Perks of Being a Wallflower" and "My Week with Marilyn", both set for release within the next year.

Watson in 'Beauty And The Beast' adaptation

Emma is set to play the lead role in the film directed by Guillermo Del Toro

In the past, "Beauty and the Beast" has been adapted into film a number of times, including an animated version by Walt Disney in 1991 and a modern take starring Alex Pettyfer titled "Beastly" that released earlier this year.