London, July 20 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.

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. (IANS)