Beauty and the Beast remake?

Has anyone heard that they might do a live action Beauty and the Beast remake and Emma Watson (Hermione Granger from Harry Potter) was picked to play as Belle? I think this is old news, but I just heard this recently from a online friend. If this is true then I'm excited for it, because this is my favorite DP movie with one of my favorite actresses playing as the lead. Even though I don't think the live action movie would live up to the greatness of the cartoon, but I'm still excited. I hope it's true. What do you guys think? :)